Document:

exv4w12

 

Exhibit 4.12

ASSUMPTION AND AMENDMENT OF REDWOOD EMPIRE BANCORP

INCENTIVE STOCK OPTION AGREEMENT

                    THIS AGREEMENT is entered into as of ___, 2005 with respect to that certain
Incentive Stock Option Agreement dated as of ___(the “Agreement”) between Redwood
Empire Bancorp, a California corporation (“REBC”) and ___(“Optionee”) pursuant to REBC’s
[1991 Stock Option Plan] [2001 Stock Option Plan] (the “Plan”).

W I T N E S S E T H:

                    WHEREAS, REBC and Optionee have entered into the Agreement pursuant to which Optionee has
been granted an option to purchase shares REBC’s common stock, on the terms and conditions of the
Agreement and the Plan; and

          WHEREAS, on the date REBC is acquired by Westamerica Bancorporation (the “Corporation”)
(the “Effective Date”), REBC will merge with and into the Corporation pursuant to a merger
agreement and REBC’s wholly-owned subsidiary National Bank of the Redwoods will merge with and into
the Corporation’s wholly-owned subsidiary Westamerica Bank (the “Merger”); and

          WHEREAS, as of the Effective Date, shares of REBC common stock subject to the Agreement will
be replaced with shares of the common stock of the Corporation with the number of shares subject to
this Agreement and the option exercise price adjusted by the exchange ratio established in the
Merger Agreement; and

          WHEREAS, the Corporation has adopted the Plan as a plan of the Corporation which continues to
apply to options outstanding thereunder which remain in effect and unexercised on the Effective
Date, except as amended and modified hereby; and

          WHEREAS, the parties desire to amend the Agreement in the respect described herein.

          NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, and
subject to completion of the Merger, the parties hereto agree as follows:

          3. On the Effective Date, the Corporation agrees to assume all obligations of REBC under the
Agreement and options to purchase the common stock of the under the applicable REBC Plan shall be
substituted for options to purchase the shares of REBC common stock under the applicable Plan. The
substitution is intended to comply with section 424(a) of the Internal Revenue Code of 1986, as
amended. The number of shares subject to this Agreement and the Agreement’s exercise price, after
adjustment by the exchange rate, shall be ___and $xx.xx, respectively.

          4. The Corporation acknowledges that the right to exercise all options under the Agreement
will be fully vested on the Effective Date.

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          5. Except as herein amended, the Agreement shall remain in full force and effect.

	 	 	 
	

	 	WESTAMERICA BANCORPORATION
	 
	 	 
	

	 	By                                                                                 
	

	 	                David L. Payne

                Chairman, President & CEO

Agreed to this _____ day of

_______________, 2005

                                                                                 

Signature of Optionee

2exv4w13

 

Exhibit 4.13

ASSUMPTION AND AMENDMENT OF REDWOOD EMPIRE BANCORP

NON-STATUTORY (NON-QUALIFIED) STOCK OPTION AGREEMENT

                    THIS AGREEMENT is entered into as of ___, 2005 with respect to that certain
Non-Statutory (Non-Qualified) Stock Option Agreement dated December 1, 2003 (the “Agreement”)
between Redwood Empire Bancorp, a California corporation (“REBC”) and Stephen A. Fleming
(“Optionee”).

W I T N E S S E T H:

                    WHEREAS, REBC and Optionee have entered into the Agreement pursuant to which Optionee has
been granted an option to purchase shares REBC’s common stock; and

          WHEREAS, on the date REBC is acquired by Westamerica Bancorporation (the “Corporation”)
(the “Effective Date”), REBC will merge with and into the Corporation pursuant to a merger
agreement and REBC’s wholly-owned subsidiary National Bank of the Redwoods will merge with and into
the Corporation’s wholly-owned subsidiary Westamerica Bank (the “Merger”); and

          WHEREAS, as of the Effective Date, shares of REBC common stock subject to the Agreement will
be replaced with shares of the common stock of the Corporation with the number of shares subject to
this Agreement and the option exercise price adjusted by the exchange ratio established in the
Merger Agreement; and

          WHEREAS, the Corporation has adopted REBC’s obligations under the Agreement which continues to
apply to options outstanding thereunder which remain in effect and unexercised on the Effective
Date, except as amended and modified hereby; and

          WHEREAS, the parties desire to amend the Agreement in the respect described herein.

          NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, and
subject to completion of the Merger, the parties hereto agree as follows:

          5. On the Effective Date, the Corporation agrees to assume all obligations of REBC under the
Agreement and options to purchase the common stock of the Corporation under the Agreement shall be
substituted for options to purchase the shares of REBC common stock. The substitution is not
intended to comply with section 424(a) of the Internal Revenue Code of 1986, as amended. The
number of shares subject to this Agreement and the Agreement’s exercise price, after adjustment by
the exchange rate, shall be ___and $xx.xx, respectively.

          6. The Corporation acknowledges that the right to exercise all options under the Agreement
will be fully vested on the Effective Date.

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          5. Except as herein amended, the Agreement shall remain in full force and effect.

	 	 	 
	

	 	WESTAMERICA BANCORPORATION
	 
	 	 
	

	 	By                                                                                 
	

	 	               David L. Payne

               Chairman, President & CEO

Agreed to this _____ day of

_______________, 2005

                                                                                 

Signature of Optionee

2<PAGE>

                                                                   EXHIBIT 10.97

                             INSIGNIA SOLUTIONS, PLC

                          REGISTRATION RIGHTS AGREEMENT

                                 MARCH 16, 2005

<PAGE>

                             INSIGNIA SOLUTIONS, PLC

                          REGISTRATION RIGHTS AGREEMENT

      This Registration Rights Agreement (the "Agreement") is made as of the
16th day of March, 2005, by and among Insignia Solutions, PLC, a public limited
company incorporated under the laws of England and Wales (registered number:
1961960) and the individuals and entities listed on the signature pages hereto
(each a "Seller" and collectively the "Sellers").

                                    RECITALS

      The Company and the Sellers, among others, have entered into a Stock
Purchase and Sale Agreement dated February 9, 2005 (the "Purchase Agreement")
pursuant to which the Company has agreed to purchase from each of the Sellers
all of the outstanding shares of capital stock of Kenora Ltd. in exchange for
that number of shares of American depositary shares ("ADSs") equal to the Total
Buyer Shares less any Holdback Shares (each term as defined in the Purchase
Agreement), each ADS representing one ordinary share, with a par value of 20
pence per share, of the Company (the "Purchased Shares") and other additional
consideration.

      A condition to each Seller's obligations under the Purchase Agreement is
that the Company enter into this Agreement in order to provide the Sellers with
certain rights to register the Shares (as defined below). The Company desires to
induce the Sellers to enter into and consummate the Purchase Agreement by
agreeing to the terms and conditions set forth herein. All capitalized terms not
otherwise defined herein shall have the meanings ascribed in the Purchase
Agreement.

                                    AGREEMENT

      The parties hereby agree as follows:

            1. REGISTRATION RIGHTS. The Company and the Sellers covenant and
agree as follows:

                  1.1 DEFINITIONS. For purposes of this Section 1 (terms defined
in the singular shall apply to the plural form and vice-versa):

                        (a) The terms "register," "registered," and
"registration" refer to a registration effected by preparing and filing a
Registration Statement or similar document in compliance with the Securities Act
of 1933, as amended (the "Act"), or any similar successor federal statute and
the rules and regulations thereunder in effect from time to time, and the
declaration or ordering of effectiveness of such Registration Statement or
document by the SEC;

                        (b) The term "Registrable Securities" means (i) the ADSs
issued under the Purchase Agreement (such American depositary shares are
collectively referred to hereinafter as the "Shares"), and (ii) any other
Ordinary Shares (including ADSs) of the Company issued as (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued
as) a dividend or other distribution with respect to, or in exchange for or

<PAGE>

in replacement of, the Shares, provided, that the foregoing definition shall
exclude in all cases any Registrable Securities sold by a person in a
transaction in which its rights under this Agreement are not assigned.
Notwithstanding the foregoing, ADSs or other securities shall only be treated as
Registrable Securities if and so long as they have not (A) been sold to or
through a broker or dealer or underwriter in a public distribution or a public
securities transaction, or (B) been sold in a transaction exempt from the
registration and prospectus delivery requirements of the Act under Section 4(1)
thereof so that all transfer restrictions, and restrictive legends with respect
thereto, if any, are removed upon the consummation of such sale or (C) with
regard to any individual Holder, become eligible for sale without limitation as
to volume in any three month period pursuant to Rule 144;

                        (c) The number of shares of "Registrable Securities then
outstanding" shall be determined by the number of ADSs outstanding which are,
and the number of shares of ADSs issuable pursuant to then exercisable or
convertible securities which are, Registrable Securities;

                        (d) The term "Holder" means any person owning or having
the right to acquire Registrable Securities or any assignee thereof in
accordance with this Agreement;

                        (e) The term "Form S-3" means such form under the Act as
in effect on the date hereof or any successor form under the Act; and

                        (f) The term "SEC" means the Securities and Exchange
Commission.

                  1.2 FORM S-3 REGISTRATION.

                  (a) Registration. Subject to the terms and conditions of this
Agreement, on or before the date that is three (3) days after the date of the
effective filing by the Company of a Form 10-K with the SEC (the "Filing
Deadline"), the Company will file with the SEC a Registration Statement on Form
S-3 (the "Registration Statement") in order to register the Shares for
registration thereon, and will use its reasonable best efforts to effect the
Registration Statement as soon as practicable, subject to the terms of this
Agreement, and effect any related qualification or compliance with respect to
all Registrable Securities owned by the Holders as soon as practicable
thereafter, subject to the Company's ability to defer filing the Registration
Statement pursuant to subsection 1.2(b)(ii) below.

                  (b) Mechanics. Pursuant to its obligations under Section
1.2(a) above, the Company will:

                        (i) promptly give written notice of the registration,
and any related qualification or compliance, to the Sellers;

                        (ii) use its reasonable best efforts to effect such
registration and all such qualifications and compliances as may be necessary and
as would permit or facilitate the sale and distribution of all of the Sellers'
Registrable Securities; provided, however, that the Company shall not be
obligated to effect any such registration, qualification or compliance,

                                       -2-
<PAGE>

pursuant to this Section 1.2 if the Company shall furnish to the Sellers a
certificate signed by the President of the Company stating that in the good
faith reasonable judgment of the Board of Directors of the Company (with the
concurrence of the managing underwriter, if any), the filing of the Registration
Statement would adversely affect, or require premature disclosure of, any
filing, financing, acquisition or reorganization involving the Company, in which
event the Company shall have the right to defer the filing of the Registration
Statement for a reasonable period of time, which shall not exceed thirty (30)
days after the Filing Deadline under this Section 1.2; and

                        (iii) any and all expenses incurred in connection with
the Registration Statement filed pursuant to this Section 1.2 shall be borne by
the Company, including all registration, filing, qualification, printers' and
accounting fees but excluding any underwriters' discounts or commissions or fees
and disbursements for counsel to the Sellers, provided however that the Company
shall reimburse the Holders for up to $10,000 in fees and disbursements for a
single counsel for the Sellers.

                  1.3 OBLIGATIONS OF THE COMPANY. Whenever required under this
Section 1 to effect the registration of any Registrable Securities, the Company
shall, as expeditiously as reasonably possible:

                        (a) Prepare and file with the SEC the Registration
Statement with respect to such Registrable Securities and use its reasonable
best efforts to cause such registration statement to become effective and to
keep the Registration Statement effective until the earlier of: (i) two years
after the Closing Date; (ii) the date when all of the Registrable Securities
covered by the Registration Statement are sold; or (iii) the date when Rule
144(k) is available with respect to all of the securities covered by such
Registration Statement.

                        (b) Prepare and file with the SEC such amendments,
including Registration Statements, and supplements to such Registration
Statement and the prospectus used in connection with such Registration Statement
as may be necessary to comply with the provisions of the Act with respect to the
disposition of all securities covered by such Registration Statement.

                        (c) Furnish to the Holders such numbers of copies of a
prospectus, including a preliminary prospectus, in conformity with the
requirements of the Act, and such other documents as they may reasonably request
in order to facilitate the disposition of Registrable Securities owned by them.

                        (d) Use its best efforts to register and qualify the
securities covered by such Registration Statement under such other securities or
blue sky laws of such jurisdictions as shall be reasonably requested by the
Holders, provided that the Company shall not be required in connection therewith
or as a condition thereto to qualify to do business or to file a general consent
to service of process in any such states or jurisdictions.

                        (e) Notify each Holder of Registrable Securities covered
by such Registration Statement at any time when a prospectus relating thereto is
required to be

                                      -3-
<PAGE>

delivered under the Act of the happening of any event as a result of which the
prospectus included in such Registration Statement, as then in effect, includes
an untrue statement of a material fact or omits to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances then existing. In such
circumstance, the Company will use reasonable commercial efforts to promptly
update such prospectus to correct such untrue statement or disclose the
necessary material facts within the period of time the Company may delay sales
under Section 1.4(a)(iii) below.

                        (f) Cause all such Registrable Securities registered
pursuant hereunder to be listed on each securities exchange on which similar
securities issued by the Company are then listed.

                  1.4 RESTRICTIONS ON AND PROCEDURE FOR SALES PURSUANT TO A
REGISTRATION STATEMENT.

                        (a) Each Holder agrees to the following:

                              (i) Notice to Company. If any Holder shall propose
to sell any Shares, the Holder shall notify the Company of its intent to do so
on or before one (1) business day prior to the date of such sale (the "Notice of
Sale"), and the provision of the Notice of Sale to the Company shall
conclusively be deemed to establish an agreement by such Holder to comply with
the registration provisions herein described. The Notice of Sale shall be deemed
to constitute a representation that any information previously supplied by such
Holder is accurate as of the date of such Notice of Sale.

                              (ii) Notice of Sale. The Notice of Sale in
substantially the form attached as Exhibit A shall be given in accordance with
the provisions of Section 3.5 hereof. However, the Holder may give the Notice of
Sale orally by telephoning the Chief Financial Officer at the Company at (510)
360-3786. An oral Notice of Sale shall be deemed to have been received only at
such time as the selling Holder speaks directly with the Chief Financial
Officer. In addition, an oral Notice of Sale shall only be deemed effective if
it is followed by a written Notice of Sale received by the Company by personal
delivery or facsimile within twenty-four (24) hours after giving the oral Notice
of Sale.

                              (iii) Delay of Sale. The Company may refuse to
permit the Holder to resell any Shares for a period of time not to exceed 30
days; provided, however, that in order to exercise this right, the Company must
deliver a certificate in writing to the Holder to the effect that the
Registration Statement in its then current form contains an untrue statement of
material fact or omits to state a material fact necessary in order to make the
statements made therein, in light of the circumstances under which they were
made, not misleading. During any suspension period as contemplated by this
Section 1.4 (a)(iii), of which there shall be no more than two (2) in any twelve
(12) month period, the Company will not allow any of its officers or directors
to buy or sell shares of the Company's securities.

                                      -4-
<PAGE>

                        (b) Representations of Holders. Each Holder hereby
represents to and covenants with the Company that, during the period in which
any Registration Statement effected pursuant to Section 1.2 remains effective,
such Holder will:

                              (i) not engage in any stabilization activity in
connection with any of the Company's securities;

                              (ii) cause to be furnished to any purchaser of the
Shares and to the broker-dealer, if any, through whom Shares may be offered, a
copy of the Prospectus; and

                              (iii) not bid for or purchase any securities of
the Company or any rights to acquire the Company's securities, or attempt to
induce any person to purchase any of the Company's securities or any rights to
acquire the Company's securities, in each case, other than as permitted under
the Exchange Act.

                        (c) INFORMATION FOR USE IN REGISTRATION STATEMENT. Each
Holder covenants to the Company that such Holder will complete the information
requested by the Selling Holder's Questionnaire attached as Exhibit B hereto
(the "Questionnaire"), and further covenants to the Company that all information
provided by such Holder in the Questionnaire will be true, accurate and complete
as of the date provided. Each Holder understands that the written information in
the Questionnaire and all written representations made in this Agreement are
being provided to the Company specifically for use in, or in connection with,
the Registration Statement and the Prospectus, and has executed this Agreement
with such knowledge.

                  1.5 FURNISH INFORMATION. It shall be a condition precedent to
the obligations of the Company to take any action pursuant to this Section 1
with respect to the Registrable Securities of any selling Holder that such
Holder shall furnish to the Company such information regarding itself, the
Registrable Securities held by it, and the intended method of disposition of
such securities as shall be required to effect the registration of such Holder's
Registrable Securities.

                  1.6 DELAY OF REGISTRATION. No Holder shall have any right to
obtain or seek an injunction restraining or otherwise delaying any such
registration as the result of any dispute that might arise with respect to the
interpretation or implementation of this Section 1.

                  1.7 INDEMNIFICATION. In the event any Registrable Securities
are included in a Registration Statement under this Section 1:

                        (a) To the extent permitted by law, the Company will
indemnify and hold harmless each Holder, each Holder's affiliates, and their
respective officers, directors, employees, representatives and agents, any
underwriter (as defined in the Act) for such Holder and each person, if any, who
controls such Holder or underwriter within the meaning of the Act or the
Exchange Act, against any losses, claims, damages, or liabilities (joint or
several) to which they may become subject under the Act, the Exchange Act or
other federal or state law,

                                      -5-
<PAGE>

insofar as such losses, claims, damages, or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements,
omissions or violations (collectively a "Violation"): (i) any untrue statement
or alleged untrue statement of a material fact contained in such Registration
Statement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto, (ii) the omission or alleged
omission to state therein a material fact required to be stated therein, or
necessary to make the statements therein, in light of the circumstances in which
they were made, not misleading, or (iii) any violation or alleged violation by
the Company of the Act, the Exchange Act, any state securities law or any rule
or regulation promulgated under the Act, the Exchange Act or any state
securities law; and the Company will, to the extent permitted by law, pay to
each such Holder, underwriter or controlling person, as incurred, any legal or
other expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability, or action for which the
Company is liable under this subsection 1.7(a); provided, however, that the
indemnity agreement contained in this subsection 1.7(a) shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability, or action
if such settlement is effected without the consent of the Company (which consent
shall not be unreasonably withheld), nor shall the Company be liable in any such
case for any such loss, claim, damage, liability, or action to the extent that
it arises out of or is based upon a Violation which occurs in reliance upon and
in conformity with written information furnished expressly for use in connection
with such registration by any such Holder, underwriter or controlling person.

                        (b) To the extent permitted by law, each selling Holder
will severally indemnify and hold harmless the Company, each of its directors,
each of its officers who has signed the Registration Statement, each person, if
any, who controls the Company within the meaning of the Act, any underwriter,
any other Holder selling securities in such Registration Statement and any
controlling person of any such underwriter or other Holder, against any losses,
claims, damages, or liabilities (joint or several) to which any of the foregoing
persons may become subject, under the Act, the Exchange Act or other federal or
state law, insofar as such losses, claims, damages, or liabilities (or actions
in respect thereto) arise out of or are based upon any Violation, in each case
to the extent (and only to the extent) that such Violation occurs in reliance
upon and in conformity with written information furnished by such Holder
expressly for use in connection with such registration; and each such Holder
will pay, as incurred, any legal or other expenses reasonably incurred by any
person intended to be indemnified pursuant to this subsection 1.7(b), in
connection with investigating or defending any such loss, claim, damage,
liability, or action; provided, however, that the indemnity agreement contained
in this subsection 1.7(b) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Holder, which consent shall not be unreasonably
withheld; provided, that, in no event shall any indemnity under this subsection
1.7(b) exceed the net proceeds from the offering received by such Holder, except
in the case of willful fraud by such Holder.

                        (c) Promptly after receipt by an indemnified party under
this Section 1.7 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof
is to be made against any indemnifying party under this Section 1.7, deliver to
the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to

                                      -6-
<PAGE>

the extent the indemnifying party so desires, jointly with any other
indemnifying party similarly noticed, to assume the defense thereof with counsel
mutually satisfactory to the parties; provided, however, that an indemnified
party (together with all other indemnified parties which may be represented
without conflict by one counsel) shall have the right to retain one separate
counsel, with the reasonable fees and expenses to be paid by the indemnifying
party, if representation of such indemnified party by the counsel retained by
the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party
represented by such counsel in such proceeding. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement of
any such action, if prejudicial to its ability to defend such action, shall
relieve such indemnifying party of any liability to the indemnified party under
this Section 1.7, but the omission so to deliver written notice to the
indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 1.7.

                        (d) If the indemnification provided for in this Section
1.7 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage, or expense
referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall, to the extent permitted by law, contribute
to the amount paid or payable by such indemnified party as a result of such
loss, liability, claim, damage, or expense in such proportion as is appropriate
to reflect the relative fault of the indemnifying party on the one hand and of
the indemnified party on the other in connection with the statements or
omissions that resulted in such loss, liability, claim, damage, or expense as
well as any other relevant equitable considerations; provided, that, in no event
shall any contribution by a Holder under this Subsection 1.7(d) exceed the net
proceeds from the offering received by such Holder, except in the case of
willful fraud by such Holder. The relative fault of the indemnifying party and
of the indemnified party shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.

                        (e) The obligations of the Company and Holders under
this Section 1.7 shall survive the completion of any offering of Registrable
Securities in a Registration Statement under this Section 1.

                  1.8 REPORTS UNDER SECURITIES EXCHANGE ACT OF 1934. With a view
to making available to the Holders the benefits of Rule 144 and any other rule
or regulation of the SEC that may at any time permit a Holder to sell securities
of the Company to the public without registration or pursuant to a registration
on Form S-3, the Company agrees, for so long as it remains subject to the
periodic reporting requirements under Section 13 or 15(d) of the Exchange Act,
to:

                        (a) make and keep public information available, as those
terms are understood and defined in Rule 144;

                                      -7-
<PAGE>

                        (b) file with the SEC in a timely manner all reports and
other documents required of the Company under the Act and the Exchange Act; and

                        (c) furnish to any Holder, so long as the Holder owns
any Registrable Securities, forthwith upon request (i) a written statement by
the Company as to its compliance with the reporting requirements of the Exchange
Act and the rules and regulations promulgated thereunder, or that it qualifies
as a registrant whose securities may be resold pursuant to Form S-3, (ii) a copy
of the most recent annual or quarterly report of the Company and such other
reports and documents so filed by the Company, and (iii) such other information
as may be reasonably requested in availing any Holder of any rule or regulation
of the SEC which permits the selling of any such securities without registration
or pursuant to such form.

            1.9 ASSIGNMENT OF REGISTRATION RIGHTS. The rights to cause the
Company to register Registrable Securities pursuant to this Section 1 may be
assigned (but only with all related obligations) by a Holder to a transferee or
assignee of at least fifty percent (50%) of such securities, provided that the
Company is furnished with written notice of the name and address of such
transferee or assignee and the securities with respect to which such
registration rights are being assigned; and provided, further, that such
assignment shall be effective only if the transferee agrees to be bound by this
Agreement and such assignment shall be effective only if immediately following
such transfer the further disposition of such securities by the transferee or
assignee is restricted under the Act. For the purposes of determining the number
of shares of Registrable Securities held by a transferee or assignee, the
holdings of transferees and assignees of a partnership who are partners or
retired partners of such partnership (including spouses and ancestors, lineal
descendants and siblings of such partners or spouses who acquire Registrable
Securities by gift, will or intestate succession) shall be aggregated together
and with the partnership; provided that all assignees and transferees who would
not qualify individually for assignment of registration rights shall have a
single attorney-in-fact for the purpose of exercising any rights, receiving
notices or taking any action under Section 1.

            1.10 CERTAIN LIMITATIONS IN CONNECTION WITH FUTURE GRANTS OF
REGISTRATION RIGHTS. From and after the date of this Agreement until the
Registration Statement is declared effective by the SEC, the Company shall not
enter into any agreement with any holder or prospective holder of any securities
of the Company providing for the granting to such holder of registration rights
unless such registration rights, if more favorable than those granted herein,
are extended to the Holders or their transferees permitted under paragraph 1.9.

      2. MISCELLANEOUS.

            2.1 SUCCESSORS AND ASSIGNS. Except as otherwise provided herein, the
terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties. Nothing in
this Agreement, express or implied, is intended to confer upon any party other
than the parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

                                      -8-
<PAGE>

            2.2 GOVERNING LAW. This Agreement and all acts and transactions
pursuant hereto shall be governed, construed and interpreted in accordance with
the laws of the State of California, without giving effect to principles of
conflicts of laws.

            2.3 COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

            2.4 TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

            2.5 NOTICES. Unless otherwise provided herein, any notice required
or permitted by this Agreement shall be in writing and shall be deemed duly
given upon delivery, when delivered personally or by overnight courier or
confirmed facsimile and addressed to a Holder to be notified at such party's
address as set forth on the signature page hereto or to the Company at its
address on its signature page hereto, or as subsequently modified by written
notice. In the event that any date provided for in this Agreement falls on a
Saturday, Sunday or legal holiday, such date shall be deemed extended to the
next business day. Notwithstanding the foregoing, any notice delivered pursuant
to Section 1.3(e) or Section 1.4 hereto must be made by personal delivery or
confirmed facsimile transmission.

            2.6 EXPENSES. If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement, the prevailing party shall be
entitled to reasonable attorneys' fees, costs and necessary disbursements in
addition to any other relief to which such party may be entitled.

            2.7 AMENDMENTS AND WAIVERS. Any term of this Agreement may be
amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the holders of
80% of the Registrable Securities then outstanding, provided, however, that any
amendment hereof that would materially adversely affect a Holder in a manner
different from the other Holders shall also require the consent of such
adversely affected Holder. Any amendment or waiver effected in accordance with
this paragraph shall be binding upon each holder of any Registrable Securities
then outstanding, each future Holder of any such Registrable Securities, and the
Company.

            2.8 SEVERABILITY. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

            2.9 ENTIRE AGREEMENT. This Agreement and the Purchase Agreement all
dated as of the date hereof, and the other documents delivered pursuant hereto
or contemplated hereby constitute the full and entire understanding and
agreement between the parties with regard

                                      -9-
<PAGE>

to the subject matter hereof and thereof and supersede all prior agreements and
understandings among the parties relating to the subject matter hereof.

                            [Signature Pages Follow]

                                      -10-
<PAGE>

      The parties have executed this Registration Rights Agreement as of the
date first written above.

                                      COMPANY:

                                      INSIGNIA SOLUTIONS, PLC

                                      By: /s/ Mark McMillan
                                          -------------------------------------
                                          Mark McMillan
                                          President and Chief Executive Officer

                                          Address: 41300 Christy Street
                                                   Fremont, California 94538

                 SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT

<PAGE>

      The parties have executed this Registration Rights Agreement as of the
date first written above.

                                      ANDERS FUREHED

                                      /s/ Anders Furehed
                                      ------------------------------------------
                                               (Signature)

                                      Address: _________________________________

                                               _________________________________

                                               _________________________________

                                      NOEL MULKEEN

                                      /s/ Noel Mulkeen
                                      ------------------------------------------
                                               (Signature)

                                      Address: _________________________________

                                               _________________________________

                                               _________________________________

                 SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT

<PAGE>

                                    EXHIBIT A

                             INSIGNIA SOLUTIONS PLC

                                 NOTICE OF SALE

      Pursuant to the Registration Rights Agreement dated as of March 16, 2005
by and between Insignia Solutions plc (the "Company") and the undersigned and
other entities, the undersigned hereby gives notice to the Company of the
undersigned's intent to sell [_______] shares of the Company's ADSs registered
pursuant to the Registration Statement on (File No._____).

Dated: ______________, 200__          By:______________________________________
                                                       (signature)

                                      Name:____________________________________
                                                         (print)

                                      Title:___________________________________
                                                     (if applicable)

      [NOTE: THIS NOTICE OF SALE MUST BE COMPLETED AND DELIVERED (VIA PERSONAL
      DELIVERY OR FACSIMILE) TO THE CHIEF FINANCIAL OFFICER OF THE COMPANY ON OR
      BEFORE ONE (1) BUSINESS DAY BEFORE THE DATE OF SALE OF THE SHARES OF THE
      COMPANY'S ADSs REGISTERED PURSUANT TO THE REGISTRATION STATEMENT.]

<PAGE>

                                    EXHIBIT B

                             INSIGNIA SOLUTIONS, PLC

                SELLING STOCKHOLDER'S QUESTIONNAIRE AND COVENANTS

                                   [omitted]

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