Document:

4062001 S3 Ex 10.6

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 March 8, 2006

No. W-__________Redwood Shores, California

March 9, 2001

 

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

Rochon Capital Group, Ltd.

or its registered assigns is entitled to subscribe for and purchase, during the
period specified in this Warrant, up to 74,074 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., Pacific Standard time, on March 8, 2006 (such period being the "Term"), provided,
however, that the term shall be extended by one day for each day in which the Company does not have
a sufficient number of shares of Common Stock underlying the Warrant to issue such shares upon
exercise. 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 Notice of Exercise 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 Notice of Exercise 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. Notwithstanding any other provision or definition contained
in this Warrant, each exercise of this Warrant shall be deemed to have been effected on the day
immediately prior to the close of business on the day on which the Holder faxes a Notice of Exercise
to the Issuer. For the avoidance of doubt, for illustration purposes, and by way of example only, if
the Holder faxes a Notice of Exercise to the Issuer on Thursday, October 11th, then the Per Share
Market Value shall be the closing price per share of the Common Stock on Wednesday, October 10th.

(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.. This Warrant and all rights hereunder are
freely transferable, in whole or in part, without restriction, upon surrender of this Warrant with a
properly executed assignment at the principal offices of the Issuer. 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"), notwithstanding the fact that the Holder of this Warrant was not or may not be a
signatory to 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. The Registration Rights
Agreement is hereby incorporated by reference as though set forth in full herein and the Holder of
this Warrant shall be entitled to all the benefits of the Registration Rights Agreement as though
such Holder were a party thereto. For the avoidance of doubt, it is the Issuer's intention to
register for resale the Common Stock underlying this Warrant, on behalf of the Holder, as soon as
practicable after the date hereof. To the extent that the Issuer is precluded from including the
Holder's Warrant Stock in the registration statement referred to in the Registration Rights
Agreement, the Issuer shall file a separate registration statement on behalf of the Holder as soon
as practicable after the date hereof and the Registration Rights Agreement shall otherwise remain
fully applicable to this Warrant. 

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 March 9, 2001.

"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 B 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 in March of
2001.

"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 March 9, 2001, as well as 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 $1.35 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 CALIFORNIA, 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.,
Pacific Standard 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., Pacific Standard time, on any date and earlier than 11:59 p.m.,
Pacific Standard 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 Bryan Cave LLP, 700 Thirteenth Street, N.W.,
Washington, D.C. 20005, Attention: LaDawn Naegle, facsimile no.: (202) 508-6200. 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.

 

 

 

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

CENTURA SOFTWARE CORPORATION

 

By:__________________________

Name: 

Title: 

NOTICE OF EXERCISE

(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)<PAGE>

                                                                   EXHIBIT 10(a)

                        CONSENT OF INDEPENDENT AUDITORS

We consent to the reference made to our firm under the caption "Accounting and
Auditing Experts" and to the use of our report dated March 5, 2001, with respect
to the financial statements of the Platinum Investor Divisions of American
General Life Insurance Company Separate Account D, and of our report dated
February 5, 2001, with respect to the financial statements of American General
Life Insurance Company included in this Post-Effective Amendment No. 3 to the
Registration Statement (Form N-4, Nos. 333-70667 and 811-02441) of American
General Life Insurance Company Separate Account D.

                                        /s/  ERNST & YOUNG LLP
                                        ----------------------
                                        ERNST & YOUNG LLP

Houston, Texas
April 5, 2001

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