Document:

Registration Rights

                                                                   Exhibit 10.2

REGISTRATION RIGHTS AGREEMENT

This REGISTRATION RIGHTS AGREEMENT (this
"Registration Rights Agreement") entered into as of December 30, 1999, by and
between the Subscribers set forth on the signature pages hereof (each, a
"Subscriber," and collectively, the "Subscribers") and Centura Software
Corporation, a Delaware corporation, with offices at 975 Island Drive, Redwood
Shores, California 94065 (the "Company").

W I T N E S S E T H:

WHEREAS, pursuant to the Subscription Agreement, dated as
of the date hereof (the "Agreement"), by and between the Company and the
Subscribers, the Company has agreed to sell, and the Subscribers have agreed to
purchase, up to Twelve Thousand Five Hundred (12,500) shares, with an option
(the "Call Option") to purchase up to an additional Six Thousand (6,000) shares,
of Series A Cumulative Convertible Preferred Stock, par value $.01 per share
(the "Preferred Stock"), of the Company for a purchase price of $1,000 per
share, with such other rights and preferences as are set forth in the
Certificate of Designations, Preferences and Rights of the Preferred Stock (the
"Certificate");

WHEREAS, the Preferred Stock is convertible into shares of
the Company's common stock, par value $.01 per share (the "Underlying Common
Shares"); and

WHEREAS, pursuant to the terms of, and in partial
consideration for, the Subscribers' purchase of the Preferred Stock, the Company
has agreed to provide the Subscribers with certain registration rights with
respect to Underlying Common Shares and any shares of the Company's common stock
underlying warrants (the "Warrants") issued to the Subscribers on the date
hereof (such shares are referred to as the "Underlying Warrant Shares," and,
together with the Underlying Common Shares, the "Shares") as set forth in this
Registration Rights Agreement.

NOW, THEREFORE, in consideration of the mutual promises,
representations, warranties, covenants and conditions set forth in the Agreement
and this Registration Rights Agreement, the Company and the Subscribers agree as
follows: 

1.Certain
Definitions.  As used in this Registration Rights Agreement, the following
terms shall have the following respective meanings, and terms not otherwise
defined herein shall have their respective meanings as assigned to them in the
Agreement: 

"Commission" means the Securities and Exchange Commission or
any other federal agency at the time administering the Securities Act. 

"Filing Date" means the 30th day following the
date of this Registration Rights Agreement.

"Holder" shall include the applicable Subscriber and any
transferee of the Warrants, the Preferred Stock, Shares or Registrable
Securities (as defined herein) which have not been sold to the public, to whom
the registration rights conferred by this Registration Rights Agreement have
been transferred in compliance with Section 13 of this Registration Rights
Agreement.

"Person" means and includes an individual, a partnership, a
joint venture, a corporation, a company, a limited liability company, a trust,
an unincorporated organization and a government or any department or agency
thereof.

"Prospectus" means any prospectus relating to the Shares as
filed with the Commission pursuant to Rule 424(b) under the Securities Act or,
if no such filing is required, any form of final prospectus relating to the
Shares included in the Registration Statement, as the case may be, at the time
the Registration Statement is declared effective by the Commission, in either
case, including all amendments and supplements to the prospectus or Registration
Statement, including post-effective amendments, and all material, if any,
incorporated by reference therein.

The terms "register," "registered" and "registration" shall
refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act and applicable rules and
regulations thereunder, and the declaration or ordering of the effectiveness of
such registration statement. 

"Registration Expenses" means all expenses to be incurred by
the Company in connection with Subscribers' exercise of their registration
rights under this Registration Rights Agreement, including, without limitation,
all registration and filing fees, printing expenses, fees and disbursements of
counsel for the Company, blue sky fees and expenses, reasonable fees and
disbursements of counsel to Holders for a "due diligence" examination of the
Company and review of the Registration Statement and related documents, and the
expense of any special audits incident to or required by any such registration
(but excluding the compensation of regular employees of the Company, which shall
be paid in any event by the Company). With respect to the "due diligence"
examination of the Company, the Registration Expenses shall include only fees
and disbursements for one (1) designated counsel for all the Holders of
Preferred Stock. 

"Registration Statement" means the Initial Shelf Registration
Statement, any additional registration statements contemplated by Section 2(a)
and any Piggyback Registration Statement, including (in each case) the
Prospectus, amendments and supplements to such registration statement or
Prospectus, including pre- and post-effective amendments, all exhibits thereto,
and all material incorporated by reference in such registration statement.

"Registrable Securities" means any Shares or other securities
issued or issuable to the Subscribers or any Holder upon the conversion of any
Preferred Stock, or any Shares or other securities issued or issuable to the
Subscribers or any Holder upon the exercise of the Warrants.

"Regulation D" means Regulation D as promulgated pursuant to
the Securities Act, and as it may be subsequently amended. 

"Securities Act" means the Securities Act of 1933, as
amended. 

"Selling Expenses" means all brokerage fees, underwriting
discounts and selling commissions applicable to the offer and sale of
Registrable Securities and all fees and disbursements of counsel for Holders not
included under "Regulation Expenses."

2.Registration
Requirements.  The Company shall use its diligent best efforts to effect the
registration of the Registrable Securities contemplated by the Agreement
(including, without limitation, the execution of an undertaking to file post-
effective amendments, appropriate qualification under applicable blue sky or
other state securities laws and appropriate compliance with applicable
regulations issued under the Securities Act) as would permit or facilitate the
sale or distribution of all the Registrable Securities in the manner (including
manner of sale) and in all states reasonably requested by the Holders under a
broad-based plan of distribution reasonably acceptable to the Holders.  Such
best efforts by the Company shall include, without limitation, the following:

(a)The Company shall, as soon as practicable after the
date hereof, but in no event later than the Filing Date, file (i) a registration
statement with the Commission pursuant to Rule 415 under the Securities Act on
Form S-3 under the Securities Act covering the Registrable Securities so
requested to be registered by any Holder of Registrable Securities (the "Initial
Shelf Registration Statement"); (ii) such blue sky filings as shall have been
requested by the Holders; and (iii) any required filings with the National
Association of Securities Dealers, Inc., The Nasdaq SmallCap Market or such
other exchange or market on which the Shares are traded.  Thereafter, the
Company shall use its best efforts to (i) respond to all comments received from
the Commission on the Shelf Registration Statement and/or any documents
incorporated by reference therein within 10 business days of receipt of such
comments and (ii) have such Shelf Registration Statement and other filings
declared effective as promptly as practicable but in no event later than 90 days
after the date of the Agreement.  If an additional Registration Statement is
required to be filed because the actual number of Shares into which the
Preferred Stock is convertible and the Warrants are exercisable exceeds the
number of shares of Common Stock initially registered, including, without
limitation, as a result of the exercise of a Call Option by one or more
Subscribers, the Company shall have 20 business days after the earlier of (i)
the expiration of the Option Period or (ii) the receipt of written notice by
each Subscriber that such Subscriber's Call Option has been exercised, to file
such additional Registration Statement, and the Company shall use its best
efforts to cause such additional Registration Statement to be declared effective
by the Commission as soon as possible, but in no event later than 60 days after
filing.

(b)The Company and the Subscribers agree that the Holders
will suffer damages if the Registration Statement is not filed on or prior to
the Filing Date and not declared effective by the Commission on or prior to the
90th day after the date of this Agreement and maintained in the
manner contemplated herein during the Effectiveness Time or if certain other
events occur.  The Company and the Holders further agree that it would not be
feasible to ascertain the extent of such damages with precision.  Accordingly,
if (i) the Registration Statement is not filed with the Commission by the Filing
Date, (ii) the Company shall fail to respond to all comments received from the
Commission on the Registration Statement and/or any documents incorporated by
reference therein within 10 business days of receipt of such comments, (iii)
after 120 days from the date hereof the Registration Statement has not been
declared effective by the Commission, or (iv) in the event an additional
Registration Statement, which is filed because the actual number of Shares
exceeds the number of shares of Common Stock initially registered, is not filed
and declared effective with the time periods set forth in Section 2(a) (any such
failure or breach being referred to as an "Event," and the date on which such
Event occurs, being referred to as "Event Date"), the Holders shall have, in
addition to, and without limiting, any other rights they may have at law, in
equity or under the Certificate, the Agreement or this Registration Rights
Agreement (including the right to specific performance), the right to receive
from the Company, as liquidated damages, an amount equal to 1.5% of the
Aggregate Value (as defined in the Certificate) of the shares of Preferred Stock
held by such Holder plus the Aggregate Value of any shares of Preferred Stock
that have been converted to the extent any of the Underlying Common Shares
issued upon such conversion have not been sold, in cash, for each 30-day period
(or portion thereof) from the Event Date until the applicable Event is cured.
Payments to be made pursuant to this Section 2(b) shall be due and payable
immediately upon demand in immediately available funds.  In addition to the
foregoing, if at any time after 150 days from the date hereof, the Registration
Statement has not been declared effective by the Commission, then upon demand of
any Holder, the Company shall redeem all or any specified portion of the
Preferred Stock held by such Holder at a redemption price equal to 125% of the
Aggregate Value thereof, together with all other payments due under this Section
2 and under the Certificate and the Agreement. 

(c)If the Holders intend to distribute the Registrable
Securities covered by the Registration Statement by means of an underwriting,
the Holders shall so advise the Company.  The Holders will have the right to
select the investment bankers for such underwriting subject to such investment
bankers being reasonably satisfactory to the Company.  If in the opinion of the
managing underwriter the inclusion of all of the Registrable Securities
requested to be registered under this Section 2 would adversely affect the
marketing of such shares, after any shares to be sold by the Company or other
holders of Common Stock have been excluded, Registrable Securities to be sold by
the holders shall be excluded in such manner that the Registrable Securities to
be sold shall be allocated among the selling Holders pro rata based on their
ownership of Registrable Securities.

(d)The Company shall enter into such customary agreements
(including a customary underwriting agreement with the underwriter or
underwriters, if any) and take all such other reasonable actions in connection
therewith in order to expedite or facilitate the disposition of such Registrable
Securities.  If the Registrable Securities are being offered and sold in an
underwritten offering, the Company shall: 

(i)make such representations and warranties to the
Holders and the underwriter or underwriters, if any, in form, substance and
scope as are customarily made by issuers to underwriters in secondary
underwritten offerings; 

(ii)cause to be delivered to the sellers of Registrable
Securities and the underwriter or underwriters, if any, opinions of counsel to
the Company, dated the date of delivery of any Registrable Securities sold
pursuant to the Registration Statement (which counsel and opinions (in form,
scope and substance), shall be reasonably satisfactory to the managing
underwriter or underwriters, if any, and the appointed representative or counsel
of the Holders), addressed to the Holders and each underwriter, if any, covering
the matters customarily covered in opinions requested in secondary underwritten
offerings and, in the case of an underwritten offering, such other matters as
may be reasonably requested by the Holders; 

(iii)cause to be delivered, immediately prior to the
effectiveness of the Registration Statement (and, in the case of an underwritten
offering, at the time of delivery of any Registrable Securities sold pursuant
thereto), a "comfort" letter from the Company's independent certified public
accountants addressed to the Holders and each underwriter, if any, stating that
such accountants are independent public accountants within the meaning of the
Securities Act and the applicable published rules and regulations thereunder,
and otherwise in customary form and covering such financial and accounting
matters as are customarily covered by letters of the independent certified
public accountants delivered in connection with secondary underwritten public
offerings; 

(iv)if an underwriting agreement is entered into, the
same shall set forth in full the indemnification and contribution provisions and
procedures of Sections 6 and 7 with respect to all parties to be indemnified
pursuant to such sections; and 

(v)the Company shall deliver such documents and
certificates as may be reasonably requested by the Holders of the Registrable
Securities being sold or the managing underwriter or underwriters, if any, to
evidence compliance with clause (i) above and with any customary conditions
contained in the underwriting agreement, if any, or other agreement entered into
by the Company; 

the foregoing actions in this Section 2(d) shall be
undertaken at each closing under such underwriting or similar agreement or as
and to the extent required thereunder.

(e)The Company shall make available for inspection by a
representative or representatives of the Holders, any underwriter participating
in any disposition pursuant to a Registration Statement, and any attorney or
accountant retained by such Holders or underwriter, all financial and other
records customary for such purposes, pertinent corporate documents and
properties of the Company, and cause the Company's officers, directors and
employees to supply all information reasonably requested by any such
representative, underwriter, attorney or accountant in connection with such
Registration Statement. The Holders will agree to keep all non-public
information supplied to it confidential until such information is included in
the Registration Statement filed with the Commission.

3.Expenses of
Registration.  All Registration Expenses incurred in connection with any
registration, qualification or compliance with registration pursuant to this
Registration Rights Agreement shall be borne by the Company, and all Selling
Expenses shall be borne by the Holders. 

4.Registration on Form
S-3.  The Company shall use its best efforts to qualify for registration on
Form S-3 or any comparable or successor form or forms.

5.Registration
Procedures.  In the case of each Registration Statement filed by the Company
pursuant to this Registration Rights Agreement, the Company will keep the
Holders advised in writing as to the initiation of each registration and as to
the completion thereof.  At its expense, the Company will use its best efforts
to: 
(a)Keep such Registration Statement continuously
effective for the period ending at the earlier of the following:  (i) thirty-six
(36) months after the date hereof (as such time period is extended pursuant to
Section 5A hereof), or (ii) the time the Holders have completed their
distribution of the Shares (the earlier of (i) and (ii) being referred to as the
"Effectiveness Time");

(b)Furnish such number of prospectuses, and amendments
and supplements thereto, and other documents incident thereto as any Holder from
time to time may reasonably request;

(c)Prepare and file with the Commission such amendments
and post-effective amendments to the Registration Statement as may be necessary
to keep such Registration Statement effective for the applicable period; cause
the related Prospectus to be supplemented by any required Prospectus supplement,
and as so supplemented to be filed pursuant to Rule 424 under the Securities
Act; and comply with the provisions of the Securities Act applicable to it with
respect to the disposition of all securities covered by such Registration
Statement during the applicable period in accordance with the intended methods
of disposition by the sellers thereof set forth in such Registration Statement
or supplement to such Prospectus;

(d)Notify each Holder of Registrable Securities included
in the Registration Statement, counsel for the Holders and the managing
underwriters, if any, promptly, and (if requested by any such Person) confirm
such notice (a "Notice") in writing, (1) when a Prospectus or any Prospectus
supplement or post-effective amendment has been filed, and, with respect to a
Registration Statement or any post-effective amendment, when the same has become
effective, (2) of any request by the Commission for amendments or supplements to
a Registration Statement or related Prospectus or for additional information,
(3) of the issuance by the Commission of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings
for that purposes, (4) if at any time the representations and warranties of the
Company contained in agreements contemplated by Section 2(d) cease to be true
and correct, (5) of the receipt by the Company of any notification with respect
to the suspension of the qualification of any of the Registrable Securities for
sale in any jurisdiction or the initiation or threatening of any proceeding for
such purpose, (6) of the happening of any event as a result of which the
Prospectus included in the Registration Statement (as then in effect) contains
any untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein (in
the case of the Prospectus or any preliminary Prospectus, in light of the
circumstances under which they were made) not misleading and (7) of the
Company's reasonable determination that a post-effective amendment to a
Registration Statement would be appropriate or that there exist circumstances
not yet disclosed to the public which make further sales under such Registration
Statement inadvisable pending such disclosure and post-effective amendment;

(e)Upon the occurrence of any event contemplated by
Section 5(d)(2) through (7) and immediately upon the expiration of any Blocking
Period (as defined in Section 5A), prepare, if the occurrence of such event or
period requires such preparation, a supplement or post-effective amendment to
the Registration Statement or related Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Securities being sold thereunder,
such Prospectus will not contain an untrue statement of a material fact or omit
to state any material fact necessary to make the statements made therein not
misleading;

(f)Make every reasonable effort to obtain the withdrawal
of any order suspending the effectiveness of the Registration Statement, or the
lifting of any suspension of the qualification of any of the Registrable
Securities for sale in any jurisdiction, at the earliest possible moment;

(g)Ensure that all Registrable Securities subject to the
Registration Statement shall at all times be registered or qualified for offer
and sale under the securities or blue sky laws of such jurisdictions as any
Holder or underwriter reasonably requests in writing; use its best efforts to
keep each such registration or qualification effective, including through new
filings or amendments or renewals, during the period such Registration Statement
is required to be kept effective and do any and all other acts or things
necessary or advisable to enable the disposition in such jurisdictions of the
Registrable Securities covered by the applicable Registration Statement;
provided, however, that the Company will not be required to
qualify to do business or take any action that would subject it to taxation or
general service of process in any jurisdiction where it is not then so qualified
or subject;

(h)Use its best efforts to cause the Registrable
Securities covered by the Registration Statement to be registered with or
approved by the National Association of Securities Dealers, Inc. as may be
necessary to enable the seller or sellers thereof or the underwriter or
underwriters, if any, to consummate the disposition of such Registrable
Securities in accordance with the chosen method or methods of distribution;
and

(i)Cause all Registrable Securities included in such
Registration Statement to be listed, by the date of first sale of Registrable
Securities pursuant to such Registration Statement, on the principal securities
exchange or automated interdealer system on which the same type of securities of
the Company are then listed or traded. 

5A.Suspensions of Effectiveness.

(a)The Company may suspend dispositions under the
Registration Statement and notify the Holders that they may not sell the
Registrable Securities pursuant to any Registration Statement or Prospectus (a
"Blocking Notice") if the Company's board of directors determines in its
reasonable good faith judgment that the Company's obligation to ensure that such
Registration Statement and Prospectus are current and complete would require the
Company to take actions that might reasonably be expected to have a materially
adverse detrimental effect on the Company and its stockholders; provided
that the Company shall diligently and expeditiously take all actions it
reasonably determines to be necessary or advisable to cause such Prospectus to
be current and complete and to remove such suspension pursuant to a Blocking
Notice or the Notice described below or as a result of the circumstances
described in Section 5(d)(2) through (7).  Each Holder agrees by acquisition of
the Registrable Securities that, upon receipt of a Blocking Notice or "Notice"
from the Company of the existence of any fact of the kind described in the
following sentence, such Holder shall not dispose of, sell or offer for sale the
Registrable Securities pursuant to the Registration Statement until such Holder
receives (i) copies of the supplemented or amended Prospectus, or until counsel
for the Company shall have determined that such disclosure is not required due
to subsequent events, (ii) notice in writing (the "Advice") from the Company
that the use of the Prospectus may be resumed and (iii) copies of any additional
or supplemental filings that are incorporated by reference in the Prospectus.
Pursuant to the immediately preceding sentence, the Company may provide such
Notice to such Holder upon the determination by the Company of the existence of
any fact or the happening or any event that makes any statement of a material
fact made in the Registration Statement, the Prospectus, any amendment or
supplement thereto, or any document incorporated by reference therein untrue in
any material respect, or that requires the making of any additions to or changes
in the Registration Statement or the Prospectus, in order to make the statements
therein not misleading in any material respect. If so directed by the Company in
connection with any such notice, each Holder will deliver to the Company (at the
Company's expense) all copies, other than permanent file copies then in such
Holder's possession, of the Prospectus covering such Registrable Securities that
was current immediately prior to the time of receipt of such notice.

(b)In the event (i) the Company shall give any such
Blocking Notice or Notice, pursuant to Section 5A(a) or (ii) the Registration
Statement is suspended (including, but not limited to, suspensions resulting
from the delisting of the Common Stock or a stop order issued by the Commission)
or trading in the Common Stock on The Nasdaq SmallCap Market or the Nasdaq
National Market is suspended for a period of time (excluding disruptions from
business announcements that result in any halt(s) in trading of not more than
one day on each occasion) and other suspension of trading on such market in
general (each, a "Blackout Period"), the time regarding the effectiveness of
such Registration Statement set forth in Section 5(a) and the Maturity Date (as
defined in the Certificate) of the Preferred Stock and the expiration date of
the Warrants shall be extended by one and one-half (1-1/2) times the number of
days during the period (i) from and including the date of the giving of such
Blocking Notice or Notice to and including the date when the Holders shall have
received the copies of the supplemented or amended Prospectus, the Advice and
any additional or supplemental filings that are incorporated by reference in the
Prospectus or (ii) from and including the date of such suspension to and
including the date when the Registration Statement is declared effective, as
applicable.  Delivery of a Blocking Notice or Notice and the related suspension
of any Registration Statement or the occurrence of a Blackout Period shall not
constitute a default under this Registration Rights Agreement and shall not
create any obligation to pay liquidated damages under Section 2 hereof.
However, if the Holder's ability to sell under the Registration Statement is
suspended for more than ten consecutive trading days or for forty-five (45) days
(whether or not consecutive) during any twelve (12) month period (an "Excess
Blocking Period"), then the Holders shall have the right to receive a 2.0%
reduction in the Conversion Price (as defined in the Certificate) of the
Preferred Stock for each 45-day period (or part thereof) following the beginning
of an Excess Blocking Period until the Excess Blocking Period terminates.  In
addition, if the Excess Blocking Period continues for more than an aggregate of
180 days in any 360-day period, then at Holder's option, the Company shall
redeem Holder's Preferred Stock at a redemption price equal to 125% of the
Aggregate Value thereof, together with all payments due under this Section and
the Agreement.

ALIGN="JUSTIFY">6.Indemnification.
(a)Company Indemnity.  The Company will indemnify
each Holder, each of its officers, directors, managers, members and partners,
and each person controlling such Holder within the meaning of Section 15 of the
Securities Act and the rules and regulations thereunder with respect to which
registration, qualification or compliance has been effected pursuant to this
Registration Rights Agreement, and each underwriter, if any, and each person who
controls, within the meaning of Section 15 of the Securities Act and the rules
and regulations thereunder, any underwriter, against all claims, losses, damages
and liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any prospectus, offering circular or other document (including any related
registration statement, notification or the like) incident to any such
registration, qualification or compliance, or arising out of or based on any
omission (or alleged omission) to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, or
any violation by the Company of the Securities Act or any state securities law
or in either case, any rule or regulation thereunder applicable to the Company
and relating to action or inaction required of the Company in connection with
any such registration, qualification or compliance, and will reimburse each
Holder, each of its officers, directors and partners, and each person
controlling such Holder, each such underwriter and each person who controls any
such underwriter, for any legal and any other expenses reasonably incurred in
connection with investigating and defending any such claim, loss, damage,
liability or action, provided that the Company will not be liable in any such
case to the extent that any such claim, loss, damage, liability or expense
arises out of or is based solely on any untrue statement or omission (or alleged
untrue statement or omission) that is made in reliance upon and in conformity
with written information furnished to the Company by such Holder or the
underwriter expressly for use therein. The indemnity agreement contained in this
Section 6(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 will not be unreasonably withheld).

(b)Holder Indemnity. Each Holder will, if
Registrable Securities held by it are included in the securities as to which
such registration, qualification or compliance is being effected, indemnify the
Company, each of its directors, officers, partners, and each underwriter, if
any, of the Company's securities covered by such a registration statement, each
person who controls the Company or such underwriter within the meaning of
Section 15 of the Securities Act and the rules and regulations thereunder, each
other Holder (if any), and each of their officers, directors, managers, members
and partners, and each person controlling such other Holder within the meaning
of Section 15 of the Securities Act and the rules and regulations thereunder
against all claims, losses, damages and liabilities (or actions in respect
thereof) arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any such registration statement,
prospectus, offering circular or other document, or arising out of or based on
any omission (or alleged omission) to state therein a material fact required to
be stated therein or necessary to make the statement therein not misleading, and
will reimburse the Company and such other Holders and their directors, officers,
managers, members and partners, underwriters or control persons for any legal or
any other expenses reasonably incurred in connection with investigating and
defending any such claim, loss, damage, liability or action, in each case to the
extent, but only to the extent, that such untrue statement (or alleged untrue
statement) or omission (or alleged omission) is made in such registration
statement, prospectus, offering circular or other document in reliance upon and
in conformity with written information furnished to the Company by such Holder
expressly for use therein; provided that no Holder shall be liable under
this indemnity for an amount in excess of the net proceeds received by such
Holder from the sale of the Registrable Securities pursuant to such registration
statement.  The indemnity agreement contained in this Section 6(b) shall not
apply to amounts paid in settlement of any such claims, losses, damages or
liabilities if such settlement is effected without the consent of such Holder
(which consent shall not be unreasonably withheld).

(c)Procedure. Each party entitled to
indemnification under this Article (the "Indemnified Party") shall give notice
to the party required to provide indemnification (the "Indemnifying Party")
promptly after such Indemnified Party has actual knowledge of any claim as to
which indemnity may be sought, and shall permit the Indemnifying Party to assume
the defense of any such claim in any litigation resulting therefrom;
provided that counsel for the Indemnifying Party, who shall conduct the
defense of such claim or any litigation resulting therefrom, shall be approved
by the Indemnified Party (whose approval shall not be unreasonably withheld),
and the Indemnified Party may participate in such defense at the Indemnified
Party's expense; provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 6 except to the extent
that the Indemnifying Party is materially and adversely affected by such failure
to provide notice. The Indemnifying Party shall not, in connection with any one
such action or proceeding or separate but substantially similar or related
actions or proceedings in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the reasonable fees and expenses of
more than one separate firm of attorneys (in addition to any local counsel) at
any time for such Indemnified Party; provided, however, that if
separate firm(s) of attorneys are required due to a conflict of interest, then
the Indemnifying Party shall be liable for the reasonable fees and expenses of
each such separate firm. No Indemnifying Party, in the defense of any such claim
or litigation, shall, except with the consent of each Indemnified Party, consent
to entry of any judgment or enter into any settlement which does not include as
an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or
litigation.  Each Indemnified Party shall furnish such information regarding
itself or the claim in question as an Indemnifying Party may reasonably request
in writing and as shall be reasonably required in connection with the defense of
such claim and litigation resulting therefrom. 

7.Contribution.
(a)  If the indemnification provided for in Section 6 herein is unavailable to
the Indemnified Parties in respect of any losses, claims, damages or liabilities
referred to herein (other than by reason of the exceptions provided therein),
then each such Indemnifying Party, in lieu of indemnifying such Indemnified
Party, shall contribute to the amount paid or payable by such Indemnified Party
as a result of such losses, claims, damages or liabilities (i) as between the
Company on the one hand and the Holder or underwriters, as the case may be, on
the other, in such proportion as is appropriate to reflect the relative benefits
received by the Company on the one hand and the Holder or underwriters, as the
case may be, on the other from the offering of the Registrable Securities, or if
such allocation is not permitted by applicable law, in such proportion as is
appropriate to reflect not only such relative benefits but also the relative
fault of the Company on the one hand and of the Holder or underwriters, as the
case may be, on the other in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities, as well as any other
relevant equitable considerations and (ii) as between the Company on the one
hand and the Holder on the other, in such proportion as is appropriate to
reflect the relative fault of the Company and of the Holder in connection with
the statements or omissions which resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations.

(b)The relative benefits received by the Company on the
one hand and the Holders or the underwriters, as the case may be, on the other
shall be deemed to be in the same proportion as the proceeds from the offering
(net of underwriting discounts and commissions but before deducting expenses)
received by the Company from the initial sale of the Registrable Securities by
the Company to the Holders pursuant to this Registration Rights Agreement bear
to the net proceeds received by the Holders from the sale of Registrable
Securities pursuant to the Registration Statement or the total underwriting
discounts and commissions received by the underwriters as set forth in the table
on the cover page of the Prospectus, as the case may be.  The relative fault of
the Company on the one hand and of the Holders or underwriters, as the case may
be, on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact relates to information supplied by the
Company, by the Holders or by the underwriters. 

(c)In no event shall the obligation of any Indemnifying
Party to contribute under this Section 7 exceed the amount that such
Indemnifying Party would have been obligated to pay by way of indemnification if
the indemnification provided for under clauses (a) or (b) of Section 6 hereof
had been available under the circumstances. 

(d)The Company and the Holders agree that it would not be
just and equitable if contribution pursuant to this Section 7 were determined by
pro rated allocation (even if the Holders or the underwriters were treated as
one entity for such purpose) or by any other method of allocation which does not
take account the equitable considerations referred to in the immediately
preceding paragraphs. The amount paid or payable by an Indemnified Party as a
result of the losses, claims, damages and liabilities referred to in the
immediately preceding paragraphs shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by
such Indemnified Party in connection with investigating or defending any such
action or claim.  Notwithstanding the provisions of this Section 7, no Holder or
underwriter shall be required to contribute any amount in excess of the amount
by which (i) in the case of such Holder, the total price at which the shares of
Common Stock offered by such Holder and distributed to the public, or offered to
the public, exceed the amount paid by such Holder for the underlying Preferred
Stock converted into such shares of Common Stock, (ii) in the case of an
underwriter, the total price at which the Registrable Securities purchased by it
and distributed to the public were offered to the public exceeds, in any such
case, the amount of any damages that the Holders or underwriter have otherwise
been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission.  No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

8.Changes in Common
Stock or Preferred Stock.  If, and as often as, there is any change in the
Common Stock or Preferred Stock by way of a stock split, stock dividend,
combination or reclassification, or through a merger, consolidation,
reorganization or recapitalization, or by any other means, appropriate
adjustment shall be made in the provisions hereof so that the rights and
privileges granted hereby shall continue with respect to the Common Stock or
Preferred Stock as so changed.

9.Rule 144
Reporting.  With a view to making available the benefits of certain rules
and regulations of the Commission which may at any time permit the sale of the
Preferred Stock and the Shares to the public without registration, at all times
after ninety (90) days after any registration statement covering a public
offering of securities of the Company under the Securities Act shall have become
effective, the Company agrees to: 
(a)make and keep public information available, as those
terms are understood and defined in Rule 144 under the Securities Act; 

(b)use its best efforts to file with the Commission in a
timely manner all reports and other documents required of the Company under the
Securities Act and the Exchange Act; and 

(c)furnish to each Holder forthwith upon request a
written statement by the Company as to its compliance with the reporting
requirements of such Rule 144 and of the Securities Act and the Exchange Act, a
copy of the most recent annual or quarterly report of the Company, and such
other reports and documents so filed by the Company as such holder may
reasonably request in availing itself of any rule or regulation of the
Commission allowing such Holder to sell any Preferred Stock or Shares without
registration.

10.Rule 416.  The
Company and the Subscribers each acknowledge that an indeterminate number of
Registrable Securities shall be registered pursuant to Rule 416 under the
Securities Act so as to include in such Registration Statement any and all
Registrable Securities which may become issuable (i) to prevent dilution
resulting from stock splits, stock dividends or similar transactions and (ii) if
permitted by law, by reason of reductions in the Conversion Price (as defined in
the Certificate) of the Preferred Stock in accordance with the terms of thereof,
including, without limitation, the terms which case the Conversion Period
Conversion Price (as defined in the Certificate) to decrease as the price of the
Common Stock decreases (collectively, the "Rule 416 Securities").  In this
regard, the Company agrees to use all reasonable efforts to ensure that the
maximum number of Registrable Securities which may be registered pursuant to
Rule 416 under the Securities Act are covered by the Registration Statement and,
absent guidance from the Commission or other definitive authority to the
contrary, the Company shall use all reasonable efforts to affirmatively support
and not to take any position adverse to the position that the Registration
Statement filed hereunder covers all of the Rule 416 Securities.  

11.Survival.  The
indemnity and contribution agreements contained in Sections 6 and 7 and the
representations and warranties of the Company referred to in Section 2(d)(i)
shall remain operative and in full force and effect regardless of (a) any
termination of this Registration Rights Agreement or any underwriting agreement,
(b) any investigation made by or on behalf of any Indemnified Party or by or on
behalf of the Company and (c) the consummation of the sale or successive resales
of the Registrable Securities. 

12.Information by
Holder.  Each Holder shall promptly furnish to the Company such information
regarding such Holder and the distribution proposed by such Holder as the
Company may reasonably request in writing and as shall be reasonably required in
connection with any registration, qualification or compliance referred to in
this Registration Rights Agreement;  provided, however, each
Holder shall be given at least ten (10) days to respond to such request. All
information provided to the Company by such Holder shall be accurate and
complete in all material respects and such Holder shall promptly notify the
Company if any such information becomes incorrect or incomplete.  If such Holder
does not timely provide such reasonably requested information, such Holder shall
not be entitled to the liquidated damages contemplated by Section 2(b) to the
extent that such delay in the Registration Statement becoming effective is
caused by such failure to timely provide information unless such Holder shall be
able to demonstrate to the Company's satisfaction that such failure to timely
provide did not proportionately contribute to the event giving rise to the
damages obligation.

13.Transfer or
Assignment of Registration Rights.  The rights granted to the Subscribers by
the Company under this Registration Rights Agreement to cause the Company to
register Registrable Securities, may be transferred or assigned to a transferee
or assignee together with any transfer or assignment of the Registrable
Securities, provided that the Company is given written notice by any
applicable Holder at the time of or within a reasonable time after said transfer
or assignment, stating the name and address of said transferee or assignee and
identifying the securities with respect to which such registration rights are
being transferred or assigned, and provided further that the
transferee or assignee of such rights agrees in writing to be bound by this
Registration Rights Agreement.

14.Representations and
Warranties of the Company.  The Company represents and warrants that there
are no agreements, understandings or commitments, oral or written, between the
Company and the holders of its securities pursuant to which such holders have a
right to require the Company to register or qualify any of its securities under
the Securities Act or any applicable state securities laws.

15.Miscellaneous.

(a)Entire Agreement. This Registration Rights
Agreement, the Agreement and the Certificate contain the entire understanding
and agreement of the parties, and may not be modified or terminated except by a
written agreement signed by the parties. 

(b)Notices. Any notice, demand or request required
or permitted to be given by either the Company or the Subscriber pursuant to the
terms of this Registration Rights Agreement shall be in writing and shall be
deemed given when delivered personally, by overnight courier service or by
facsimile, with a hard copy to follow by overnight or two day courier, addressed
to the other party at the address of the party set forth at the end of this
Registration Rights Agreement or such other address as a party may request by
notifying the other in writing.  Copies of all notices (a) to the Subscribers
shall be sent to the address set forth on the signature pages hereof or to such
other address as any Subscriber may hereafter designate, (b) to the Company
shall be sent to the address set forth on page one hereof or to such other
address as the Company may hereafter designate, and (c) to a Holder other than a
Subscriber, shall be sent to the address thereof furnished by like notice to the
Company.  Copies of notices to the Subscribers shall be sent to Stroock &
Stroock & Lavan LLP, 180 Maiden Lane, New York, New York 10038-4982,
Attention: James R. Tanenbaum, facsimile no.: (212) 806-6006.  Copies of notices
to the Company shall be sent to Orrick, Herrington & Sutcliffe LLP, Old
Federal Reserve Bank Building, 400 Sansome Street, San Francisco, California
94111, Attention: Richard Grey, facsimile no.: (415) 773-5759.

(c)Gender of Terms. All terms used herein shall be
deemed to include the feminine and the neuter, and the singular and the plural,
as the context requires. 

(d)Governing Law; Consent of Jurisdiction.
This Registration Rights Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without regard to
principles of conflicts of law or choice of law except for matters arising under
the Securities Act or the Securities Exchange Act of 1934, as amended, which
matters shall be construed and interpreted in accordance with such laws. The
Company and the Holders hereby agree that all actions or proceedings arising
directly or indirectly from or in connection with this Registration Rights
Agreement shall be litigated only in the Supreme Court of the State of New York
or the United States District Court for the Southern District of New York
located in New York County, New York. The Company and the Holders consent to the
jurisdiction and venue of the foregoing courts and consent that any process or
notice of motion or other application to either of said courts or a judge
thereof may be served inside or outside the State of New York or the Southern
District of New York by registered mail, return receipt requested, directed to
the such party at its address set forth in this Registration Rights Agreement
(and service so made shall be deemed complete five (5) days after the same has
been posted as aforesaid) or by personal service or in such other manner as may
be permissible under the rules of said courts. The parties hereto hereby waive
any right to a trial by jury in connection with any litigation.

(e)Severability.  Notwithstanding any
provision of this Registration Rights Agreement, neither the Company nor any
other party hereto shall be required to take any action which would be in
violation of any applicable Federal or state securities law.  The invalidity or
unenforceability of any provision of this Registration Rights Agreement in any
jurisdiction shall not affect the validity, legality or enforceability of any
other provision of this Registration Rights Agreement in such jurisdiction or
the validity, legality or enforceability of this Registration Rights Agreement,
including any such provision, in any other jurisdiction, it being intended that
all rights and obligations of the parties hereunder shall be enforceable to the
fullest extent permitted by law.

(f)Further Assurances.  Each of the parties hereto
shall execute such documents and other papers and perform such further acts as
may be reasonably required or desirable to carry out the provisions of this
Registration Rights Agreement and the transactions contemplated hereby.

(g)No Inconsistent Agreements. The Company has
not, as of the date hereof entered into and currently in effect, nor shall the
Company on or after the date of this Registration Rights Agreement, enter into
any agreement with respect to its securities that is inconsistent with the
rights granted to the Holders in this Registration Rights Agreement or otherwise
conflicts with the provisions hereof.  The Company has not previously entered
into any agreement currently in effect granting any registration rights with
respect to any of its securities to any Person.  Without limiting the generality
of the foregoing, without the written consent of the Holders of a majority of
the then outstanding Registrable Securities, the Company shall not grant to any
Person the right to request the Company to register any securities of the
Company under the Securities Act unless the rights so granted are subject in all
respects to the prior rights in full of the Holders set forth herein, and are
not otherwise in conflict with the provisions of this Registration Rights
Agreement.

(h)No Piggyback on Registrations.  Neither the
Company nor any of its security holders (other than the Holders in such capacity
pursuant hereto) may include securities of the Company in any Registration
Statement filed pursuant to Section 2(a) hereof, and the Company shall not after
the date hereof enter into any agreement providing such right to any of its
security holders, unless the right so granted is subject in all respects to the
prior rights in full of the Holders set forth herein, and is not otherwise in
conflict with the provisions of this Registration Rights Agreement.

(i)Piggy-Back Registrations.  If at any time when
there is not an effective Registration Statement covering the Shares, the
Company shall determine to prepare and file with the Commission a registration
statement relating to an offering for its own account or the account of others
under the Securities Act of any of its equity securities, other than on Form S-4
or Form S-8 (each as promulgated under the Securities Act) or their then
equivalents relating to equity securities to be issued solely in connection with
any acquisition of any entity or business or equity securities issuable in
connection with stock option or other employee benefit plans (each, a "Piggyback
Registration Statement"), the Company shall send to each holder of Registrable
Securities written notice of such determination and, if within thirty (30) days
after receipt of such notice, any such holder shall so request in writing,
(which request shall specify the Registrable Securities intended to be disposed
of by the Subscribers), the Company will cause the registration under the
Securities Act of all Registrable Securities which the Company has been so
requested to register by the holder, to the extent requisite to permit the
disposition of the Registrable Securities so to be registered, provided that if
at any time after giving written notice of its intention to register any
securities and prior to the effective date of the registration statement filed
in connection with such registration, the Company shall determine for any reason
not to register or to delay registration of such securities, the Company may, at
its election, give written notice of such determination to such holder and,
thereupon, (i) in the case of a determination not to register, shall be relieved
of its obligation to register any Registrable Securities in connection with such
registration (but not from its obligation to pay expenses in accordance with
Section 3 hereof), and (ii) in the case of a determination to delay registering,
shall be permitted to delay registering any Registrable Securities being
registered pursuant to this Section 14(i) for the same period as the delay in
registering such other securities.  The Company shall include in such
registration statement all or any part of such Registrable Securities such
holder requests to be registered; provided, however, that the
Company shall not be required to register any Registrable Securities pursuant to
this Section 14(i) that are eligible for sale pursuant to Rule 144(k) of the
Securities Act.  In the case of an underwritten public offering, if the managing
underwriter(s) should reasonably object to the inclusion of the Registrable
Securities in such registration statement, then if the Company after
consultation with the managing underwriter(s) should reasonably determine that
the inclusion of such Registrable Securities would materially adversely affect
the offering contemplated in such registration statement, and based on such
determination recommends inclusion in such registration statement of fewer or
none of the Registrable Securities of the Holders, then (x) the number of
Registrable Securities of the Holders included in such registration statement
shall be reduced pro-rata among such Holders (based upon the number of
Registrable Securities requested to be included in the registration), if the
Company after consultation with the managing underwriter(s) recommends the
inclusion of fewer Registrable Securities, or (y) none of the Registrable
Securities of the Holders shall be included in such registration statement, if
the Company after consultation with the managing underwriter(s) recommends the
inclusion of none of such Registrable Securities; provided,
however, that if securities are being offered for the account of other
Persons as well as the Company, such reduction shall not represent a greater
fraction of the number of Registrable Securities intended to be offered by the
Holders than the fraction of similar reductions imposed on such other Persons
(other than the Company).

(j)Most Favored Registration Rights.  The Company
shall not grant to any Person any registration rights ("New Registration
Rights") with respect to securities of the Company if such New Registration
Rights are, in the reasonable opinion of any Subscriber, superior in any
material fashion to the registration rights granted to any Subscriber pursuant
to this Registration Rights Agreement, unless the holders of a majority of the
Registrable Securities consent to such New Registration Rights in writing.

(k)Titles.  The titles used in this Registration
Rights Agreement are used for convenience only and are not to be considered in
construing or interpreting this Registration Rights Agreement. 

(l)Counterparts.  This Registration Rights
Agreement may be executed in any number of counterparts, each of which shall be
enforceable against the parties actually executing such counterparts and all of
which together constitute one instrument. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have caused this
Registration Rights Agreement to be duly executed as of the date first above
written. 
CENTURA SOFTWARE CORPORATION

By:  /s/ Richard Lucien

      Name:  Richard Lucien

      Title:  Chief Financial Officer

LEONARDO, L.P.

By: ANGELO, GORDON & CO., L.P.

         its General Partner

By: /s/ Michael L. Gordon

      Name:  Michael L. Gordon

      Title:  Chief Operating Officer

Address:c/o Angelo, Gordon & Co., L.P.

245 Park Avenue, 26th Floor

New York, New York 10167

Attention:  Gary Wolf or Ari Storch

Telephone: (212) 692-2035

Facsimile: (212) 692-6449

PECONIC FUND, LTD.

By: RAMIUS CAPITAL GROUP, LLC

         its Investment Adviser

By: /s/ Jeffrey M. Solomon

      Name: Jeffrey M. Solomon

      Title:  Principal

Address:c/o Ramius Capital Group, LLC

757 Third Avenue, 27th Floor

New York, New York  10017

Attention:Jeffrey M. Solomon

Andrew Strober

Telephone: (212) 845-7917

Facsimile: (212) 845-7999Leonardo Warrant

                                                                   Exhibit 10.3

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON
EXERCISE HEREOF HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

WARRANT TO PURCHASE

SHARES OF COMMON STOCK

OF

CENTURA SOFTWARE CORPORATION

Expires December 30, 2004

No. CS-99-1New York, New York

December 30, 1999

 

FOR VALUE RECEIVED, subject to the provisions hereinafter set
forth, the undersigned, CENTURA SOFTWARE CORPORATION, a Delaware corporation
(together with its successors and assigns, the "Issuer"), hereby certifies
that

LEONARDO, L.P.

or its registered assigns is entitled to subscribe for and
purchase, during the period specified in this Warrant, up to 137,457 shares
(subject to adjustment as hereinafter provided) of the duly authorized, validly
issued, fully paid and non-assessable common stock, par value $0.01 per share,
of the Issuer (the "Common Stock"), at an exercise price per share equal to the
Warrant Price then in effect, subject, however, to the provisions and upon the
terms and conditions hereinafter set forth.  Capitalized terms used in this
Warrant and not otherwise defined herein shall have the respective meanings
specified in Section 7 hereof.

1.Term.  The right to
subscribe for and purchase shares of Warrant Stock represented hereby shall
commence on the date of issuance of this Warrant and shall expire at 5:00 p.m.,
New York City time, on December 30, 2004 (such period being the "Term").  Prior
to the end of the Term, the Issuer will not take any action which would
terminate the Warrants.

2.Method of Exercise
Payment; Issuance of New Warrant; Registration, Transfer and Exchange.

(a)Time of Exercise.  The purchase rights
represented by this Warrant may be exercised in whole or in part at any time and
from time to time during the Term. 

(b)Method of Exercise.  The Holder hereof may
exercise this Warrant, in whole or in part, by the surrender of this Warrant
(with the exercise form attached hereto duly executed) at the principal office
of the Issuer, and by the payment to the Issuer of an amount of consideration
therefor equal to the Warrant Price in effect on the date of such exercise
multiplied by the number of shares of Warrant Stock with respect to which this
Warrant is then being exercised, payable at such Holder's election (i) by
certified or official bank check, (ii) if the Per Share Market Value is greater
than the Warrant Price (at the date of calculation as set forth below), in lieu
of exercising this Warrant for cash, by receiving shares equal to the value (as
determined below) of this Warrant (or the portion thereof being canceled) by
surrender of this Warrant at the principal office of the Company together with
the properly endorsed Subscription Form annexed hereto and notice of such
election in which event the Company shall issue to the Warrantholder a number of
shares of Common Stock computed using the following formula:

	
X = 
	
Y(A-B)

   A

WhereX =the number of shares of Common Stock to be
issued to the Holder

Y =the number of shares of Common Stock purchasable
under the Warrant or, if only a portion of the Warrant is being exercised, the
portion of the Warrant being canceled (at the date of such calculation)

A =the Per Share Market Value of one share of the
Common Stock (at the date of such calculation)

B =Warrant Price (as adjusted to the date of such
calculation),

or (iii) by a combination of the foregoing methods of payment
selected by the Holder of this Warrant.  In any case where the consideration
payable upon such exercise is being paid in whole or in part pursuant to the
provisions of clause (ii) of this subsection (b), such exercise shall be
accompanied by written notice from the Holder of this Warrant specifying the
manner of payment thereof and containing a calculation showing the number of
shares of Warrant Stock with respect to which rights are being surrendered
thereunder and the net number of shares to be issued after giving effect to such
surrender.

(c)Issuance of Stock Certificates.  In the event
of any exercise of the rights represented by this Warrant in accordance with and
subject to the terms and conditions hereof, (i) certificates for the shares of
Warrant Stock so purchased shall be dated the date of such exercise and
delivered to the Holder hereof within a reasonable time, not exceeding three
Trading Days after such exercise, and the Holder hereof shall be deemed for all
purposes to be the Holder of the shares of Warrant Stock so purchased as of the
date of such exercise, and (ii) unless this Warrant has expired, a new Warrant
representing the number of shares of Warrant Stock, if any, with respect to
which this Warrant shall not then have been exercised (less any amount thereof
which shall have been cancelled in payment or partial payment of the Warrant
Price as hereinabove provided) shall also be issued to the Holder hereof at the
Issuer's expense within such time.

(d)Registration.  The Warrants shall be
numbered and shall be registered in a Warrant register (the "Warrant Register").
The Issuer shall be entitled to treat the registered holder of any Warrant on
the Warrant Register (the "Holder") as the owner in fact thereof for all
purposes and shall not be bound to recognize any equitable or other claim to or
interest in such Warrant on the part of any other person, and shall not be
liable for any registration of transfer of Warrants which are registered or are
to be registered in the name of a fiduciary or the nominee of a fiduciary unless
made with the actual knowledge that a fiduciary or nominee is committing a
breach of trust in requesting such registration of transfer, or with such
knowledge of such facts that its participation therein amounts to bad faith.
The Warrants shall be registered initially in the name of Holder as set forth in
the first sentence of this Warrant in such denominations as Holder may request
in writing to the Issuer.  

(e)Transfer of Warrant. The Warrants will not be
sold, transferred, assigned or hypothecated, in part or in whole (other than by
will or pursuant to the laws of descent and distribution), except to registered
assigns of the Holder and thereafter only upon delivery thereof duly endorsed by
the Holder or by his duly authorized attorney or representative, or accompanied
by proper evidence of succession, assignment or authority to transfer.  In all
cases of transfer by an attorney, the original power of attorney, duly approved,
or an official copy thereof, duly certified, shall be deposited with the Issuer.
In case of transfer by executors, administrators, guardians or other legal
representatives, duly authenticated evidence of their authority shall be
produced, and may be required to be deposited with the Issuer in its discretion.
Upon any registration of transfer, the Issuer shall deliver a new Warrant or
Warrants to the persons entitled thereto.  The Warrants may be exchanged at the
option of the Holder thereof for another Warrant, or other Warrants, of
different denominations, of like tenor and representing in the aggregate the
right to purchase a like number of shares of Common Stock upon surrender to the
Issuer or its duly authorized agent. Notwithstanding the foregoing, the Issuer
shall have no obligation to cause Warrants to be transferred on its books to any
person if such transfer would violate the Securities Act.

(f)Compliance with Securities Laws.

(i)The Holder of this Warrant, by acceptance hereof,
acknowledges that this Warrant and the shares of Warrant Stock to be issued upon
exercise hereof are being acquired solely for the Holder's own account and not
as a nominee for any other party, and for investment, and that the Holder will
not offer, sell or otherwise dispose of this Warrant or any shares of Warrant
Stock to be issued upon exercise hereof except pursuant to an effective
registration statement, or an exemption from registration, under the Securities
Act and any applicable state securities laws.

(ii)Except as provided in paragraph (iii) below, this
Warrant and all certificates representing shares of Warrant Stock issued upon
exercise hereof shall be stamped or imprinted with a legend in substantially the
following form:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

(iii)The restrictions imposed by this subsection (f) upon
the transfer of this Warrant and the shares of Warrant Stock to be purchased
upon exercise hereof shall terminate (A) when such securities shall have been
effectively registered under the Securities Act, (B) upon the Issuer's receipt
of an opinion of counsel, in form and substance reasonably satisfactory to the
Issuer, addressed to the Issuer to the effect that such restrictions are no
longer required to ensure compliance with the Securities Act or (C) upon the
Issuer's receipt of other evidence reasonably satisfactory to the Issuer that
such registration is not required.  Whenever such restrictions shall cease and
terminate as to any such securities, the Holder thereof shall be entitled to
receive from the Issuer (or its transfer agent and registrar), without expense
(other than applicable transfer taxes, if any), new Warrants (or, in the case of
shares of Warrant Stock, new stock certificates) of like tenor not bearing the
applicable legends required by paragraph (ii) above relating to the Securities
Act and state securities laws.

(g)Continuing Rights of Holder.  The Issuer will,
at the time of or at any time after each exercise of this Warrant, upon the
request of the Holder hereof or of any shares of Warrant Stock issued upon such
exercise, acknowledge in writing the extent, if any, of its continuing
obligation to afford to such Holder all rights to which such Holder shall
continue to be entitled after such exercise in accordance with the terms of this
Warrant, provided that if any such Holder shall fail to make any such
request, the failure shall not affect the continuing obligation of the Issuer to
afford such rights to such Holder.

3.Stock Fully Paid;
Reservation and Listing of Shares; Covenants.

(a)Stock Fully Paid.  The Issuer represents,
warrants, covenants and agrees that all shares of Warrant Stock which may be
issued upon the exercise of this Warrant or otherwise hereunder will, upon
issuance, be duly authorized, validly issued, fully paid and non-assessable and
free from all taxes, liens and charges created by or through Issuer.  The Issuer
further covenants and agrees that during the period within which this Warrant
may be exercised, the Issuer will at all times have authorized and reserved for
the purpose of the issue upon exercise of this Warrant a sufficient number of
shares of Common Stock to provide for the exercise of this Warrant.

(b)Payment of Taxes.  The Issuer will pay all
documentary stamp taxes, if any, attributable to the issuance of Warrant Stock;
provided, however, that the Issuer shall not be required to pay any tax or taxes
which may be payable in respect of any transfer involved in the issue or
delivery of any certificates for Warrant Stock in a name other than that of the
Holder of Warrants in respect of which such Warrant Stock is issued.

(c)Reservation.  If any shares of Common Stock
required to be reserved for issuance upon exercise of this Warrant or as
otherwise provided hereunder require registration or qualification with any
governmental authority under any federal or state law before such shares may be
so issued, the Issuer will in good faith use its best efforts as expeditiously
as possible at its expense to cause such shares to be duly registered or
qualified.  The transfer agent for the Common Stock (the "Transfer Agent"), and
every subsequent transfer agent, if any, for the Warrant Stock will be
irrevocably authorized and directed at all times until the end of the Term to
reserve such number of authorized and unissued shares of Common Stock as shall
be required for such purpose.  The Issuer will keep a copy of this Agreement on
file with the Transfer Agent and with every subsequent transfer agent for of the
Issuer's securities issuable upon the exercise of the Warrants.  The Issuer will
supply the Transfer Agent or any subsequent transfer agent with duly executed
certificates for such purpose and will itself provide or otherwise make
available any cash which may be distributable as provided in Section 6 of this
Agreement.  All Warrants surrendered in the exercise of the rights thereby
evidenced shall be canceled, and such canceled Warrants shall constitute
sufficient evidence of the number of Shares that have been issued upon the
exercise of such Warrants.  No shares  of Common Stock shall be subject to
reservation in respect of unexercised Warrants subsequent to the end of the
Term.  If the Issuer shall list any shares of Common Stock on any securities
exchange or market it will, at its expense, list thereon, maintain and increase
when necessary such listing, of, all shares of Warrant Stock from time to time
issued upon exercise of this Warrant or as otherwise provided hereunder, and, to
the extent permissible under the applicable securities exchange rules, all
unissued shares of Warrant Stock which are at any time issuable hereunder, so
long as any shares of Common Stock shall be so listed.  The Issuer will also so
list on each securities exchange or market, and will maintain such listing of,
any other securities which the Holder of this Warrant shall be entitled to
receive upon the exercise of this Warrant if at the time any securities of the
same class shall be listed on such securities exchange or market by the
Issuer.

(d)Covenants.  The Issuer shall not by any action
including, without limitation, amending the certificate of incorporation or the
by-laws of the Issuer, or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
action, avoid or seek to avoid the observance or performance of any of the terms
of this Warrant, but will at all times in good faith assist in the carrying out
of all such terms and in the taking of all such actions as may be necessary or
appropriate to protect the rights of the Holder hereof against dilution (to the
extent specifically provided herein) or impairment.  Without limiting the
generality of the foregoing, the Issuer will (i) not permit the par value, if
any, of its Common Stock to exceed the then effective Warrant Price, (ii) not
amend or modify any provision of the certificate of incorporation or by-laws of
the Issuer in any manner that would adversely affect in any way the powers,
preferences or relative participating, optional or other special rights of the
Common Stock or which would adversely affect the rights of the Holders of the
Warrants, (iii) take all such action as may be reasonably necessary in order
that the Issuer may validly and legally issue fully paid and nonassessable
shares of Common Stock, free and clear of any liens, claims, encumbrances and
restrictions (other than as provided herein) upon the exercise of this Warrant,
and (iv) use its best efforts to obtain all such authorizations, exemptions or
consents from any public regulatory body having jurisdiction thereof as may be
reasonably necessary to enable the Issuer to perform its obligations under this
Warrant.

(e)Loss, Theft, Destruction of Warrants.  Upon
receipt of evidence satisfactory to the Issuer of the ownership of and the loss,
theft, destruction or mutilation of any Warrant and, in the case of any such
loss, theft or destruction, upon receipt of indemnity or security satisfactory
to the Issuer or, in the case of any such mutilation, upon surrender and
cancellation of such Warrant, the Issuer will make and deliver, in lieu of such
lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and
representing the right to purchase the same number of shares of Common
Stock.

(f)Rights and Obligations under the Registration
Rights Agreement.  This Warrant and the Warrant Stock are entitled to the
benefits and subject to the terms of the Registration Rights Agreement dated as
of even date herewith between the Issuer and the Holders listed on the signature
pages thereof (as amended from time to time, the "Registration Rights
Agreement").  The Issuer shall keep or cause to be kept a copy of the
Registration Rights Agreement, and any amendments thereto, at its chief
executive office and shall furnish, without charge, copies thereof to the Holder
upon request.

4.Adjustment of Warrant
Price and Warrant Share Number.  The number and kind of Securities
purchasable upon the exercise of this Warrant and the Warrant Price shall be
subject to adjustment from time to time upon the happening of certain events as
follows:

(a)Recapitalization, Reorganization, Reclassification,
Consolidation, Merger or Sale.  
(i)  In case the Issuer after the Original Issue Date
shall do any of the following (each, a "Triggering Event"): (a) consolidate with
or merge into any other Person and the Issuer shall not be the continuing or
surviving corporation of such consolidation or merger, or (b) permit any other
Person to consolidate with or merge into the Issuer and the Issuer shall be the
continuing or surviving Person but, in connection with such consolidation or
merger, any Capital Stock of the Issuer shall be changed into or exchanged for
Securities of any other Person or cash or any other property, or (c) transfer
all or substantially all of its properties or assets to any other Person, or (d)
effect a capital reorganization or reclassification of its Capital Stock, then,
and in the case of each such Triggering Event, proper provision shall be made so
that, upon the basis and the terms and in the manner provided in this Warrant,
the Holder of this Warrant shall be entitled  upon the exercise hereof at any
time after the consummation of such Triggering Event, to the extent this Warrant
is not exercised prior to such Triggering Event, or is redeemed in connection
with such Triggering Event, to receive at the Warrant Price in effect at the
time immediately prior to the consummation of such Triggering Event in lieu of
the Common Stock issuable upon such exercise of this Warrant prior to such
Triggering Event, the Securities, cash and property to which such Holder would
have been entitled upon the consummation of such Triggering Event if such Holder
had exercised the rights represented by this Warrant immediately prior thereto,
subject to adjustments and increases (subsequent to such corporate action) as
nearly equivalent as possible to the adjustments provided for in Section 4
hereof.

(ii)Notwithstanding anything contained in this
Warrant to the contrary, the Issuer will not effect any Triggering Event unless,
prior to the consummation thereof, each Person (other than the Issuer) which may
be required to deliver any Securities, cash or property upon the exercise of
this Warrant as provided herein shall assume, by written instrument delivered
to, and reasonably satisfactory to, the Holder of this Warrant, (A) the
obligations of the Issuer under this Warrant (and if the Issuer shall survive
the consummation of such Triggering Event, such assumption shall be in addition
to, and shall not release the Issuer from, any continuing obligations of the
Issuer under this Warrant) and (B) the obligation to deliver to such Holder such
shares of Securities, cash or property as, in accordance with the foregoing
provisions of this subsection (a), such Holder shall be entitled to receive, and
such Person shall have similarly delivered to such Holder an opinion of counsel
for such Person, which counsel shall be reasonably satisfactory to such Holder,
stating that this Warrant shall thereafter continue in full force and effect and
the terms hereof (including, without limitation, all of the provisions of this
subsection (a)) shall be applicable to the Securities, cash or property which
such Person may be required to deliver upon any exercise of this Warrant or the
exercise of any rights pursuant hereto. 

(b)Subdivision or Combination of Shares.  If the
Issuer, at any time while this Warrant is outstanding, shall subdivide or
combine any shares of Common Stock, (i) in case of subdivision of shares, the
Warrant Price shall be proportionately reduced (as at the effective date of such
subdivision or, if the Issuer shall take a record of Holders of its Common Stock
for the purpose of so subdividing, as at the applicable record date, whichever
is earlier) to reflect the increase in the total number of shares of Common
Stock outstanding as a result of such subdivision, or (ii) in the case of a
combination of shares, the Warrant Price shall be proportionately increased (as
at the effective date of such combination or, if the Issuer shall take a record
of Holders of its Common Stock for the purpose of so combining, as at the
applicable record date, whichever is earlier) to reflect the reduction in the
total number of shares of Common Stock outstanding as a result of such
combination.

(c)Certain Dividends and Distributions.  If the
Issuer, at any time while this Warrant is outstanding, shall:

(i)Stock Dividends.  Pay a dividend in, or make
any other distribution to its stockholders (without consideration therefor) of,
shares of Common Stock, the Warrant Price shall be adjusted, as at the date the
Issuer shall take a record of the Holders of the Issuer's Capital Stock for the
purpose of receiving such dividend or other distribution (or if no such record
is taken, as at the date of such payment or other distribution), to that price
determined by multiplying the Warrant Price in effect immediately prior to such
record date (or if no such record is taken, then immediately prior to such
payment or other distribution), by a fraction (1) the numerator of which shall
be the total number of shares of Common Stock outstanding immediately prior to
such dividend or distribution, and (2) the denominator of which shall be the
total number of shares of Common Stock outstanding immediately after such
dividend or distribution (plus in the event that the Issuer paid cash for
fractional shares, the number of additional shares which would have been
outstanding had the Issuer issued fractional shares in connection with said
dividends); or

(ii)Other Dividends.  Pay a dividend on, or make
any distribution of its assets upon or with respect to (including, but not
limited to, a distribution of its property as a dividend in liquidation or
partial liquidation or by way of return of capital), the Common Stock (other
than as described in clause (i) of this subsection (c)), or in the event that
the Issuer shall offer options or rights to subscribe for shares of Common
Stock, or issue any Common Stock Equivalents, to all of its holders of Common
Stock, then on the record date for such payment, distribution or offer or, in
the absence of a record date, on the date of such payment, distribution or
offer, the Holder shall receive what the Holder would have received had it
exercised this Warrant in full immediately prior to the record date of such
payment, distribution or offer or, in the absence of a record date, immediately
prior to the date of such payment, distribution or offer.

(d)Issuance of Additional Shares of Common Stock.
If the Issuer, at any time while this Warrant is outstanding but prior to thirty
(30) months after the date hereof, shall issue any Additional Shares of Common
Stock (otherwise than as provided in the foregoing subsections (a) through (c)
of this Section 4), at a price per share less than the Warrant Price then in
effect or less than the Per Share Market Value then in effect or without
consideration, then the Warrant Price upon each such issuance shall be adjusted
to that price (rounded to the nearest cent) determined by multiplying the
Warrant Price then in effect by a fraction:

(i)the numerator of which shall be equal to the sum of
(A) the number of shares of Common Stock outstanding immediately prior to the
issuance of such Additional Shares of Common Stock plus (B) the number of shares
of Common Stock (rounded to the nearest whole share) which the aggregate
consideration for the total number of such Additional Shares of Common Stock so
issued would purchase at a price per share equal to the greater of the Per Share
Market Value then in effect and the Warrant Price then in effect, and

(ii) the denominator of which shall be equal to the
number of shares of Common Stock outstanding immediately after the issuance of
such Additional Shares of Common Stock.

The provisions of this subsection (d) shall not apply under
any of the circumstances for which an adjustment is provided in subsections (a),
(b) or (c) of this Section 4.  No adjustment of the Warrant Price shall be made
under this subsection (d) upon the issuance of any Additional Shares of Common
Stock which are issued pursuant to any Common Stock Equivalent if upon the
issuance of such Common Stock Equivalent (x) any adjustment shall have been made
pursuant to subsection (e) of this Section 4 or (y) no adjustment was required
pursuant to subsection (e) of this Section 4.  No adjustment of the Warrant
Price shall be made under this subsection (d) in an amount less than $.01 per
share, but any such lesser adjustment shall be carried forward and shall be made
at the time and together with the next subsequent adjustment, if any, which
together with any adjustments so carried forward shall amount to $.01 per share
or more, provided that upon any adjustment of the Warrant Price as a result of
any dividend or distribution payable in Common Stock or Convertible Securities
or the reclassification, subdivision or combination of Common Stock into a
greater or smaller number of shares, the foregoing figure of $.01 per share (or
such figure as last adjusted) shall be adjusted (to the nearest one-half cent)
in proportion to the adjustment in the Warrant Price.

(e)Issuance of Common Stock Equivalents.  If the
Issuer, at any time while this Warrant is outstanding but prior to thirty (30)
months after the date hereof, shall issue any Common Stock Equivalent and the
price per share for which Additional Shares of Common Stock may be issuable
thereafter pursuant to such Common Stock Equivalent shall be less than the
Warrant Price then in effect or less than the Per Share Market Value then in
effect, or if, after any such issuance of Common Stock Equivalents, the price
per share for which Additional Shares of Common Stock may be issuable thereafter
is amended or adjusted, and such price as so amended shall be less than the
Warrant Price or less than the Per Share Market Value in effect at the time of
such amendment, then the Warrant Price upon each such issuance or amendment
shall be adjusted as provided in the first sentence of subsection (d) of this
Section 4 on the basis that (1) the maximum number of Additional Shares of
Common Stock issuable pursuant to all such Common Stock Equivalents shall be
deemed to have been issued (whether or not such Common Stock Equivalents are
actually then exercisable, convertible or exchangeable in whole or in part) as
of the earlier of (A) the date on which the Issuer shall enter into a firm
contract for the issuance of such Common Stock Equivalent, or (B) the date of
actual issuance of such Common Stock Equivalent, and (2) the aggregate
consideration for such maximum number of Additional Shares of Common Stock shall
be deemed to be the minimum consideration received or receivable by the Issuer
for the issuance of such Additional Shares of Common Stock pursuant to such
Common Stock Equivalent.  No adjustment of the Warrant Price shall be made under
this subsection (e) upon the issuance of any Convertible Security which is
issued pursuant to the exercise of any warrants or other subscription or
purchase rights therefor, if any adjustment shall previously have been made in
the Warrant Price then in effect upon the issuance of such warrants or other
rights pursuant to this subsection (e).  If no adjustment is required under this
subsection (e) upon issuance of any Common Stock Equivalent or once an
adjustment is made under this subsection (e) based upon the Per Share Market
Value in effect on the date of such adjustment, no further adjustment shall be
made under this subsection (e) based solely upon a change in the Per Share
Market Value after such date.

(f)Purchase of Common Stock by the Issuer.  If the
Issuer at any time while this Warrant is outstanding but prior to thirty (30)
months after the date hereof shall, directly or indirectly through a Subsidiary
or otherwise, purchase, redeem or otherwise acquire any shares of Common Stock
at a price per share greater than the Per Share Market Value then in effect,
then the Warrant Price upon each such purchase, redemption or acquisition shall
be adjusted to that price determined by multiplying such Warrant Price by a
fraction (i) the numerator of which shall be the number of shares of Common
Stock outstanding immediately prior to such purchase, redemption or acquisition
minus the number of shares of Common Stock which the aggregate consideration for
the total number of such shares of Common Stock so purchased, redeemed or
acquired would purchase at the Per Share Market Value; and (ii) the denominator
of which shall be the number of shares of Common Stock outstanding immediately
after such purchase, redemption or acquisition.  For the purposes of this
subsection (f), the date as of which the Per Share Market Value shall be
computed shall be the earlier of (x) the date on which the Issuer shall enter
into a firm contract for the purchase, redemption or acquisition of such Common
Stock, or (y) the date of actual purchase, redemption or acquisition of such
Common Stock.  For the purposes of this subsection (f), a purchase, redemption
or acquisition of a Common Stock Equivalent shall be deemed to be a purchase of
the underlying Common Stock, and the computation herein required shall be made
on the basis of the full exercise, conversion or exchange of such Common Stock
Equivalent on the date as of which such computation is required hereby to be
made, whether or not such Common Stock Equivalent is actually exercisable,
convertible or exchangeable on such date.

(g)Other Provisions Applicable to Adjustments Under
this Section 4.  The following provisions shall be applicable to the making
of adjustments in the Warrant Price hereinbefore provided in Section 4:

(i)Computation of Consideration.  The
consideration received by the Issuer shall be deemed to be the following: to the
extent that any Additional Shares of Common Stock or any Common Stock
Equivalents shall be issued for a cash consideration, the consideration received
by the Issuer therefor, or if such Additional Shares of Common Stock or Common
Stock Equivalents are offered by the Issuer for subscription, the subscription
price, or, if such Additional Shares of Common Stock or Common Stock Equivalents
are sold to underwriters or dealers for public offering without a subscription
offering, the public offering price, in any such case excluding any amounts paid
or receivable for accrued interest or accrued dividends and without deduction of
any compensation, discounts, commissions, or expenses paid or incurred by the
Issuer for or in connection with the underwriting thereof or otherwise in
connection with the issue thereof; to the extent that such issuance shall be for
a consideration other than cash, then, except as herein otherwise expressly
provided, the fair market value of such consideration at the, time of such
issuance as determined in good faith by the Board.  The consideration for any
Additional Shares of Common Stock issuable pursuant to any Common Stock
Equivalents shall be the consideration received by the Issuer for issuing such
Common Stock Equivalents, plus the additional consideration payable to the
Issuer upon the exercise, conversion or exchange of such Common Stock
Equivalents.  In case of the issuance at any time of any Additional Shares of
Common Stock or Common Stock Equivalents in payment or satisfaction of any
dividend upon any class of Capital Stock of the Issuer other than Common Stock,
the Issuer shall be deemed to have received for such Additional Shares of Common
Stock or Common Stock Equivalents a consideration equal to the amount of such
dividend so paid or satisfied.  In any case in which the consideration to be
received or paid shall be other than cash, the Board shall notify the Holder of
this Warrant of its determination of the fair market value of such consideration
prior to payment or accepting receipt thereof.  If, within thirty days after
receipt of said notice, the Majority Holders shall notify the Board in writing
of their objection to such determination, a determination of the fair market
value of such consideration shall be made by an Independent Appraiser selected
by the Majority Holders with the approval of the Board (which approval shall not
be unreasonably withheld), whose fees and expenses shall be paid by the
Issuer.

(ii)Readjustment of Warrant Price.  Prior to
thirty (30) months after the date hereof and upon the expiration or termination
of the right to convert, exchange or exercise any Common Stock Equivalent the
issuance of which effected an adjustment in the Warrant Price, if such Common
Stock Equivalent shall not have been converted, exercised or exchanged in its
entirety, the number of shares of Common Stock deemed to be issued and
outstanding by reason of the fact that they were issuable upon conversion,
exchange or exercise of any such Common Stock Equivalent shall no longer be
computed as set forth above, and the Warrant Price shall forthwith be readjusted
and thereafter be the price which it would have been (but reflecting any other
adjustments in the Warrant Price made pursuant to the provisions of this Section
4 after the issuance of such Common Stock Equivalent) had the adjustment of the
Warrant Price been made in accordance with the issuance or sale of the number of
Additional Shares of Common Stock actually issued upon conversion, exchange or
issuance of such Common Stock Equivalent and thereupon only the number of
Additional Shares of Common Stock actually so issued shall be deemed to have
been issued and only the consideration actually received by the Issuer (computed
as in clause (i) of this subsection (g)) shall be deemed to have been received
by the Issuer.

(iii) Outstanding Common Stock.  The number of
shares of Common Stock at any time outstanding shall (A) not include any shares
thereof then directly or indirectly owned or held by or for the account of the
Issuer or any of its Subsidiaries, and (B) be deemed to include all shares of
Common Stock then issuable upon conversion, exercise or exchange of any then
outstanding Common Stock Equivalents or any other evidences of indebtedness,
shares of Capital Stock (including, without limitation, the Preferred Stock) or
other Securities which are or may be at any time convertible into or
exchangeable for shares of Common Stock or Other Common Stock.

(h)Other Action Affecting Common Stock.  In case
after the Original Issue Date the Issuer shall take any action affecting its
Common Stock, other than an action described in any of the foregoing subsections
(a) through (g) of this Section 4, inclusive, and the failure to make any
adjustment would not fairly protect the purchase rights represented by this
Warrant in accordance with the essential intent and principle of this Section 4,
then the Warrant Price shall be adjusted in such manner and at such time as the
Board may in good faith determine to be equitable in the circumstances.

(i)Adjustment of Warrant Share Number.  Upon each
adjustment in the Warrant Price pursuant to any of the foregoing provisions of
this Section 4, the Warrant Share Number shall be adjusted, to the nearest one
hundredth of a whole share, to the product obtained by multiplying the Warrant
Share Number immediately prior to such adjustment in the Warrant Price by a
fraction, the numerator of which shall be the Warrant Price immediately before
giving effect to such adjustment and the denominator of which shall be the
Warrant Price immediately after giving effect to such adjustment.  If the Issuer
shall be in default under any provision contained in Section 3 of this Warrant
so that shares issued at the Warrant Price adjusted in accordance with this
Section 4 would not be validly issued, the adjustment of the Warrant Share
Number provided for in the foregoing sentence shall nonetheless be made and the
Holder of this Warrant shall be entitled to purchase such greater number of
shares at the lowest price at which such shares may then be validly issued under
applicable law.  Such exercise shall not constitute a waiver of any claim
arising against the Issuer by reason of its default under Section 3 of this
Warrant.

(j)Form of Warrant after Adjustments.  The
form of this Warrant need not be changed because of any adjustments in the
Warrant Price or the number and kind of Securities purchasable upon the exercise
of this Warrant.

5.Notice of
Adjustments.  Whenever the Warrant Price or Warrant Share Number shall be
adjusted pursuant to Section 4 hereof (for purposes of this Section 5, each an
"adjustment"), the Issuer shall cause its Chief Financial Officer to prepare and
execute a certificate setting forth, in reasonable detail, the event requiring
the adjustment, the amount of the adjustment, the method by which such
adjustment was calculated (including a description of the basis on which the
Board made any determination hereunder), and the Warrant Price and Warrant Share
Number after giving effect to such adjustment, and shall cause copies of such
certificate to be delivered to the Holder of this Warrant promptly after each
adjustment.  Any dispute between the Issuer and the Holder of this Warrant with
respect to the matters set forth in such certificate may at the option of the
Holder of this Warrant be submitted to one of the national accounting firms
currently known as the "big five" selected by the Holder, provided that
the Issuer shall have ten days after receipt of notice from such Holder of its
selection of such firm to object thereto, in which case such Holder shall select
another such firm and the Issuer shall have no such right of objection.  The
firm selected by the Holder of this Warrant as provided in the preceding
sentence shall be instructed to deliver a written opinion as to such matters to
the Issuer and such Holder within thirty days after submission to it of such
dispute.  Such opinion shall be final and binding on the parties hereto.  The
fees and expenses of such accounting firm shall be paid by the Issuer.

6.Fractional Shares.
No fractional shares of Warrant Stock will be issued in connection with and
exercise hereof, but in lieu of such fractional shares, the Issuer shall make a
cash payment therefor equal in amount to the product of the applicable fraction
multiplied by the Per Share Market Value then in effect.

7.Definitions.  For
the purposes of this Warrant, the following terms have the following
meanings:

"Additional Shares of Common Stock" means all shares of
Common Stock issued by the Issuer after the Original Issue Date, and all shares
of Other Common, if any, issued by the Issuer after the Original Issue Date,
except (i) Warrant Stock and (ii) any shares of Common Stock issuable upon
conversion of the Preferred Stock pursuant to the Preferred Stock Certificate of
Designation.

"Board" means the Board of Directors of the Issuer.

"Capital Stock" means and includes (i) any and all shares,
interests, participations or other equivalents of or interests in (however
designated) corporate stock, including, without limitation, shares of preferred
or preference stock, (ii) all partnership interests (whether general or limited)
in any Person which is a partnership, (iii) all membership interests or limited
liability company interests in any limited liability company, and (iv) all
equity or ownership interests in any Person of any other type.

"Common Stock" means the Common Stock, $0.01 par value, of
the Issuer and any other Capital Stock into which such stock may hereafter be
changed.

"Common Stock Equivalent" means any Convertible Security or
warrant, option or other right to subscribe for or purchase any Additional
Shares of Common Stock or any Convertible Security (other than (a) a warrant or
stock option issued pursuant to any stock or option or similar equity-based
compensation plan for employees, officers, directors or consultants or (b) up to
250,000 warrants issued in any twelve (12) month period on a cumulative basis
that are not compensatory in nature).

"Convertible Securities" means evidences of indebtedness,
shares of Capital Stock or other Securities which are or may be at any time
convertible into or exchangeable for Additional Shares of Common Stock.  The
term "Convertible Security" means one of the Convertible Securities.

"Governmental Authority" means any governmental, regulatory
or self-regulatory entity, department, body, official, authority, commission,
board, agency or instrumentality, whether federal, state or local, and whether
domestic or foreign.

"Holders" mean the Persons who shall from time to time own
any Warrant.  The term "Holder" means one of the Holders.

"Independent Appraiser" means a nationally recognized or
major regional investment banking firm or firm of independent certified public
accountants of recognized standing (which may be the firm that regularly
examines the financial statements of the Issuer) that is regularly engaged in
the business of appraising the Capital Stock or assets of corporations or other
entities as going concerns, and which is not affiliated with either the Issuer
or the Holder of any Warrant.

"Issuer" means Centura Software Corporation, a Delaware
corporation, and its successors. 

"Majority Holders" means at any time the Holders of Warrants
exercisable for a majority of the shares of Warrant Stock issuable under the
Warrants at the time outstanding.

"NASDAQ" means the National Association of Securities Dealers
Automated Quotation System.

"Original Issue Date" means December 30, 1999.

"Other Common" means any other Capital Stock of the Issuer of
any class which shall be authorized at any time after the date of this Warrant
(other than Common Stock) and which shall have the right to participate in the
distribution of earnings and assets of the Issuer without limitation as to
amount.

"Person" means an individual, corporation, limited liability
company, partnership, joint stock company, trust, unincorporated organization,
joint venture, Governmental Authority or other entity of whatever nature.

"Per Share Market Value" means on any particular date (a) the
closing price per share of the Common Stock on such date on the Nasdaq National
Market, The Nasdaq SmallCap Market or other registered national stock exchange
on which the Common Stock is then listed or if there is no such price on such
date, then the closing price on such exchange or quotation system on the date
nearest preceding such date, or (b) if the Common Stock is not listed then on
the Nasdaq National Market, The Nasdaq SmallCap Market or any registered
national stock exchange, the closing price for a share of Common Stock in the
over-the-counter market, as reported by NASDAQ or in the National Quotation
Bureau Incorporated or similar organization or agency succeeding to its
functions of reporting prices) at the close of business on such date, or (c) if
the Common Stock is not then reported by the National Quotation Bureau
Incorporated (or similar organization or agency succeeding to its functions of
reporting prices), then the average of the "Pink Sheet" quotes for the relevant
conversion period, as determined in good faith by the holder, or (d) if the
Common Stock is not then publicly traded the fair market value of a share of
Common Stock as determined by an Independent Appraiser selected in good faith by
the Majority Holders; provided, however, that the Issuer, after
receipt of the determination by such Independent Appraiser, shall have the right
to select an additional Independent Appraiser, in which case, the fair market
value shall be equal to the average of the determinations by each such
Independent Appraiser; and provided, further that all
determinations of the Per Share Market Value shall be appropriately adjusted for
any stock dividends, stock splits or other similar transactions during such
period.  The determination of fair market value by an Independent Appraiser
shall be based upon the fair market value of the Issuer determined on a going
concern basis as between a willing buyer and a willing seller and taking into
account all relevant factors determinative of value, and shall be final and
binding on all parties.  In determining the fair market value of any shares of
Common Stock, no consideration shall be given to any restrictions on transfer of
the Common Stock imposed by agreement or by federal or state securities laws, or
to the existence or absence of, or any limitations on, voting rights.

"Preferred Stock" means the Issuer's Series A Cumulative
Convertible Preferred Stock, $.01 par value and stated value $1,000 per
share.

"Preferred Stock Certificate of Designation" means the
Certificate of Designation, Powers, Preferences and Rights of the Preferred
Stock adopted by the Board on December 9, 1999.

"Registration Rights Agreement" has the meaning specified in
Section 3(f) hereof.

"Securities" means any debt or equity securities of the
Issuer, whether now or hereafter authorized, any instrument convertible into or
exchangeable for Securities or a Security, and any option, warrant or other
right to purchase or acquire any Security.  "Security" means one of the
Securities.

"Securities Act" means the Securities Act of 1933, as
amended, or any similar federal statute then in effect.

"Subsidiary" means any corporation at least 50% of whose
outstanding Voting Stock shall at the time be owned directly or indirectly by
the Issuer or by one or more of its Subsidiaries, or by the Issuer and one or
more of its Subsidiaries.

"Trading Day" means (a) a day on which the Common Stock is
traded on the Nasdaq National Market, The Nasdaq SmallCap Market or other
registered national stock exchange on which the Common Stock has been listed, or
(b) if the Common Stock is not listed on the Nasdaq National Market, The Nasdaq
SmallCap Market or any registered national stock exchange, a day or which the
Common Stock is traded in the over-the-counter market, as reported by the OTC
Bulletin Board, or (c) if the Common Stock is not quoted on the OTC Bulletin
Board, a day on which the Common Stock is quoted in the over-the-counter market
as reported by the National Quotation Bureau Incorporated (or any similar
organization or agency succeeding its functions of reporting prices);
provided, however, that in the event that the Common Stock is not
listed or quoted as set forth in (a), (b) and (c) hereof, then Trading Day shall
mean any day except Saturday, Sunday and any day which shall be a legal holiday
or a day on which banking institutions in the State of New York are authorized
or required by law or other government action to close.

"Term" has the meaning specified in Section 1 hereof.

"Voting Stock", as applied to the Capital Stock of any
corporation, means Capital Stock of any class or classes (however designated)
having ordinary voting power for the election of a majority of the members of
the Board of Directors (or other governing body) of such corporation, other than
Capital Stock having such power only by reason of the happening of a
contingency.

"Warrants" means the Warrants issued and sold pursuant to the
Subscription Agreement, dated December 30, 1999, including, without limitation,
this Warrant, and any other warrants of like tenor issued in substitution or
exchange for any thereof pursuant to the provisions of Section 2(c), 2(d) or
2(e) hereof or of any of such other Warrants.

"Warrant Price" means $5.82, as such price may be adjusted
from time to time as shall result from the adjustments specified in Section 4
hereof.

"Warrant Share Number" means at any time the aggregate number
of shares of Warrant Stock which may at such time be purchased upon exercise of
this Warrant, after giving effect to all prior adjustments and increases to such
number made or required to be made under the terms hereof.

"Warrant Stock" means Common Stock issuable upon exercise of
any Warrant or Warrants or otherwise issuable pursuant to any Warrant or
Warrants.

8.Other Notices.  In case at any time:

(A)the Issuer shall make any distributions to the holders
of Common Stock; or

(B)the Issuer shall authorize the granting to all holders
of its Common Stock of rights to subscribe for or purchase any shares of Capital
Stock of any class or of any Common Stock Equivalents or Convertible Securities
or other rights; or

(C)there shall be any reclassification of the Capital
Stock of the Issuer; or

(D)there shall be any capital reorganization by the
Issuer; or

(E)there shall be any (i) consolidation or merger
involving the Issuer or (ii) sale, transfer or other disposition of all or
substantially all of the Issuer's property, assets or business (except a merger
or other reorganization in which the Issuer shall be the surviving corporation
and its shares of Capital Stock shall continue to be outstanding and unchanged
and except a consolidation, merger, sale, transfer or other disposition
involving a wholly-owned Subsidiary); or

(F)there shall be a voluntary or involuntary dissolution,
liquidation or winding-up of the Issuer or any partial liquidation of the Issuer
or distribution to holders of Common Stock;

then, in each of such cases, the Issuer shall give written
notice to the Holder of the date on which (i) the books of the Issuer shall
close or a record shall be taken for such dividend, distribution or subscription
rights or (ii) such reorganization, reclassification, consolidation, merger,
disposition, dissolution, liquidation or winding-up, as the case may be, shall
take place.  Such notice also shall specify the date as of which the holders of
Common Stock of record shall participate in such dividend, distribution or
subscription rights, or shall be entitled to exchange their certificates for
Common Stock for securities or other property deliverable upon such
reorganization, reclassification, consolidation, merger, disposition,
dissolution, liquidation or winding-up, as the case may be.  Such notice shall
be given at least twenty days prior to the action in question and not less than
twenty days prior to the record date or the date on which the Issuer's transfer
books are closed in respect thereto.  The Issuer shall give to the Holder notice
of all meetings and actions by written consent of its stockholders, at the same
time in the same manner as notice of any meetings of stockholders is required to
be given to stockholders who do not waive such notice (or, if such requires no
notice, then two Trading Days written notice thereof describing the matters upon
which action is to be taken).  The Holder shall have the right to send two
representatives selected by it to each meeting, who shall be permitted to
attend, but not vote at, such meeting and any adjournments thereof.  This
Warrant entitles the Holder to receive copies of all financial and other
information distributed or required to be distributed to the holders of the
Common Stock.

9.Amendment and
Waiver.  Any term, covenant, agreement or condition in this Warrant may be
amended, or compliance therewith may be waived (either generally or in a
particular instance and either retroactively or prospectively), by a written
instrument or written instruments executed by the Issuer and the Majority
Holders; provided, however, that no such amendment or waiver shall
reduce the Warrant Share number, increase the Warrant Price, shorten the period
during which this Warrant may be exercised or modify any provision of this
Section 9 without the consent of the Holder of this Warrant.

10.Governing Law.
THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF
LAW.

11.Notices.  Any and
all notices or other communications or deliveries required or permitted to be
provided hereunder shall be in writing and shall be deemed given and effective
on the earlier of (i) the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile telephone number specified for
notice prior to 5:00 p.m., New York City time, on a Business Day, (ii) the
Business Day after the date of transmission, if such notice or communication is
delivered via facsimile at the facsimile telephone number specified for notice
later than 5:00 p.m., New York City time, on any date and earlier than 11:59
p.m., New York City time, on such date, (iii) the Business Day following the
date of mailing, if sent by nationally recognized overnight courier service or
(iv) actual receipt by the party to whom such notice is required to be given.
The addresses for such communications shall be with respect to the Holder of
this Warrant or of Warrant Stock issued pursuant hereto, addressed to such
Holder at its last known address or facsimile number appearing on the books of
the Issuer maintained for such purposes, or with respect to the Issuer,
addressed to:

Centura Software Corporation

975 Island Drive

Redwood Shores, CA 94065

Attention:  Chief Financial Officer

Facsimile No.:  (650) 596-4334

or to such other address or addresses or facsimile number or
numbers as any such party may most recently have designated in writing to the
other parties hereto by such notice.  Copies of notices to the Holder shall be
sent to Stroock & Stroock & Lavan LLP, 180 Maiden Lane, New York New
York 10038-4982, Attention: James R. Tanenbaum, facsimile no.: (212) 806-6006.
Copies of notices to the Issuer shall be sent to Orrick, Herrington &
Sutcliffe LLP, Old Federal Reserve Bank Building, 400 Sansome Street, San
Francisco, California  94111, Attention: Richard Grey, facsimile no.:  (415)
773-5759.

 

12.Warrant Agent.  The
Issuer may, by written notice to each Holder of this Warrant, appoint an agent
having an office in New York, New York for the purpose of issuing shares of
Warrant Stock on the exercise of this Warrant pursuant to subsection (b) of
Section 2 hereof, exchanging this Warrant pursuant to subsection (d) of Section
2 hereof or replacing this Warrant pursuant to subsection (d) of Section 3
hereof, or any of the foregoing, and thereafter any such issuance, exchange or
replacement, as the case may be, shall be made at such office by such agent.

13.Remedies.  The
Issuer stipulates that the remedies at law of the Holder of this Warrant in the
event of any default or threatened default by the Issuer in the performance of
or compliance with any of the terms of this Warrant are not and will not be
adequate and that, to the fullest extent permitted by law, such terms may be
specifically enforced by a decree for the specific performance of any agreement
contained herein or by an injunction against a violation of any of the terms
hereof or otherwise.

14.Successors and
Assigns.  This Warrant and the rights evidenced hereby shall inure to the
benefit of and be binding upon the successors and assigns of the Issuer, the
Holder hereof and (to the extent provided herein) the Holders of Warrant Stock
issued pursuant hereto, and shall be enforceable by any such Holder or Holder of
Warrant Stock.

15.Modification and
Severability.  If, in any action before any court or agency legally
empowered to enforce any provision contained herein, any provision hereof is
found to be unenforceable, then such provision shall be deemed modified to the
extent necessary to make it enforceable by such court or agency.  If any such
provision is not enforceable as set forth in the preceding sentence, the
unenforceability of such provision shall not affect the other provisions of this
Warrant, but this Warrant shall be construed as if such unenforceable provision
had never been contained herein.

16.Headings.  The
headings of the Sections of this Warrant are for convenience of reference only
and shall not, for any purpose, be deemed a part of this Warrant.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK].

IN WITNESS WHEREOF, the Issuer has executed this Warrant as
of the day and year first above written.

CENTURA SOFTWARE CORPORATION

 

 

By: /s/ Richard Lucien

      Name:  Richard Lucien

      Title:  Chief Financial Officer

SUBSCRIPTION AGREEMENT

(To be signed only upon exercise of Warrant)

 

To CENTURA SOFTWARE CORPORATION:

The undersigned, the holder of the within Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to
purchase
thereunder,          
shares of Common Stock of CENTURA SOFTWARE CORPORATION and herewith (a)
makes payment of $          
therefor, or (b) exercises            Warrants with a Per Share Market Value of
$              . The undersigned requests that the certificates for such shares
be issued in the name of, and delivered to,    
      , whose address is
      
       
   . 

 

Dated: ____________,
20____________________________________________
(Signature must conform in all respects to name of

holder as specified on the face of the Warrant)

 

__________________________________________

 (Address)

ASSIGNMENT

(To be signed only upon transfer of Warrant)

 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
all of the rights of the undersigned under the within Warrant, with respect to
the number of shares of Common Stock of CENTURA SOFTWARE CORPORATION covered
thereby set forth hereinbelow unto:

 

	
Name of Assignee
	
Address
	
No. of Shares

 

 

Dated: __________,
20____________________________________________
(Signature must conform in all respects to name of holder as specified on the
face of the Warrant)

 

__________________________________________(Address)

 

Signed in the presence of:

 

________________________________

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