Document:

<PAGE>

Exhibit 10.1

                            ASSET PURCHASE AGREEMENT

         THIS ASSET PURCHASE AGREEMENT ("Agreement") is entered into this 15th
day of November, 2003 by and between HOMESYNC CORPORATION., a Delaware
corporation ("Seller") and SYSLYNC COLORADO, INC., a Colorado corporation or its
assigns ("Purchaser").

                              W I T N E S S E T H:

         WHEREAS, Seller desires to sell to Purchaser, and Purchaser desires to
purchase from Seller certain assets of Seller, upon the terms and subject to the
conditions set forth in this Agreement (the "Acquisition");

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth below, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Purchaser and Seller agree as
follows:

                                 I. ACQUISITION.
                                    ------------

         1.1 PURCHASE AND SALE OF ASSETS. Subject to the terms and conditions
contained in this Agreement, including the warranties contained herein, at the
Closing (as defined in Section 1.3 below) Seller shall sell, convey, transfer,
assign and deliver to Purchaser, good and marketable title to the assets
described in Schedule 1.1 attached hereto ("Assets"),

         1.2 PURCHASE PRICE FOR ASSETS. The purchase price for the purchase and
sale of the Assets shall be paid at Closing by Purchaser executing an Assumption
of Liabilities Agreement attached hereto as Exhibit "A" which shall provide for
the assumption of all secured and certain unsecured debts and commitments of the
Seller. In addition, Purchaser will pay or reimburse up to $10,000 of Seller's
post-closing legal, filing or termination fees and expenses.

         1.3 CLOSING. The Closing shall take place at the offices of Purchaser
or as mutually agreed, at the close of business (local time) on November 12,
2003, or such date (later or earlier) on which all conditions to the Acquisition
are satisfied or waived.

                                       1
<PAGE>

         1.4 CONDITIONS PRECEDENT TO ACQUISITION. The obligations of the parties
to consummate the Acquisition at the Closing shall be subject to the
satisfaction or waiver of the following conditions:

                  (a) CONDITIONS TO OBLIGATIONS OF PURCHASER. The obligation of
Purchaser to purchase the Assets at the Closing shall be subject to the
satisfaction or waiver of the following conditions:

                           (i) Seller shall have delivered to Purchaser a list
of eligible Assets and corresponding encumbrances described in Sections 1.1
and 2.1(f).

                           (ii) All representations and warranties of Seller
shall be true and correct in all material respects as of the date hereof and as
of the date of the Closing.

                           (iii) Seller shall have performed and complied in all
material respects with all obligations in this Agreement which are required
to be performed or complied with by Seller on or prior to the date of the
Closing.

                           (iv) Seller shall have executed and delivered to
Purchaser a Bill of Sale in form attached hereto as Exhibit "B" to transfer
title to the Assets described in Schedule 1.1.

                           (v) There shall be no outstanding injunction or other
order of a court of competent jurisdiction which prohibits the consummation
of the transactions contemplated by this Agreement.

                           (vi) Seller shall have executed and delivered or
provided to Purchaser such other documents, instruments and writings reasonably
requested by Purchaser.

                  (b) CONDITIONS TO OBLIGATIONS OF SELLER. The obligation of
Seller to sell the Assets at the Closing shall be subject to the satisfaction or
waiver of the following conditions:

                           (i) All representations and warranties of Purchaser
in this Agreement shall be true and correct in all material respects as
of the date hereof and as of the date of the Closing.

                                       2
<PAGE>

                           (ii) Purchaser shall have performed and complied in
all material respects with all obligations in this Agreement which are required
to be performed or complied with by Purchaser on or prior to the date of the
Closing.

                           (iii) Purchaser shall have executed and delivered to
Seller an Assumption of Liabilities Agreement in the form attached hereto as
Exhibit "A", and the attachments thereto shall be satisfactory in its sole
discretion.

                           (iv) There shall be no outstanding injunction or
other order of a court of competent jurisdiction which prohibits the
consummation of the transactions contemplated by this Agreement.

                           (v) Purchaser shall have executed and delivered or
provided to Purchaser such other documents, instruments and writings
reasonably requested by Seller.

         1.5 COMPLETION OF EXHIBITS AND SCHEDULES. The obligations of Seller and
Purchaser to consummate the transactions contemplated by this Agreement shall be
subject to the substantial completion of all Exhibits and Schedules required for
the Closing on or before November 12, 2003; however, it is understood by both
parties that the final exhibits will not be completed until November 19, 2003.

         1.7 ASSUMPTION OF LIABILITIES. As consideration for the purchase of the
Assets, Purchaser shall assume the following liabilities ("Assumed
Liabilities"):

                  (a) All obligations of Seller under the executory contracts,
agreements, leases, licenses, commitments and undertakings listed in Schedule
2.1(g) attached hereto relating to the Assets.

                  (b) All other obligations and duties expressly assumed or
agreed to by Purchaser under this Agreement.

         All of the foregoing liabilities, duties and obligations to be assumed
or agreed to by Purchaser are hereinafter referred to as the "Assumed
Liabilities"; all other liabilities, duties and obligations are hereinafter
referred to as the "Non-Assumed Liabilities".

                                       3
<PAGE>

         Except for the Assumed Liabilities, Purchaser shall not assume or have
any responsibility for any liability, obligation or commitment of any nature,
whether now or hereafter existing, of Seller, and Seller shall retain all such
liabilities, obligations or commitments which are not Assumed Liabilities.

                       II. REPRESENTATIONS AND WARRANTIES
                           ------------------------------

         2.1 REPRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and
warrants to Purchaser as follows:

                  (a) Seller is a corporation duly organized and validly
existing under the laws of the State of Delaware and is duly qualified to do
business in each state where it conducts its business.

                  (b) This Agreement and the transactions contemplated hereby
have been duly authorized by Seller; Seller has full corporate power and
authority to execute, deliver and perform this Agreement, which has been duly
executed and delivered by Seller and constitutes a binding obligation of Seller
enforceable against Seller in accordance with its terms, except as such
enforcement may be limited by bankruptcy or similar laws affecting creditors'
rights generally; and neither Seller's execution and delivery nor Seller's
performance of this Agreement will violate the Certificate of Incorporation or
By-Laws of Seller or, subject to obtaining such consents of third parties as may
be required, violate any material provisions of or result in the acceleration of
any obligation under any material loan or mortgage agreement, lien, lease,
agreement, instrument, court or administrative order, arbitration award,
judgment or decree to which Seller is a party or by which it is bound, the
effect of which would be materially adverse to Seller.

                  (c) The Balance Sheet fairly presents the financial position
of Seller as it existed on September 30, 2003, and was prepared in accordance
with Seller's accounting policies and procedures and shall be updated and
conformed to generally accepted accounting principles ("GAAP") consistently
applied.

                                       4
<PAGE>

                  (d) Since September 30, 2003, Seller has conducted its
Business to the best of its abilities in the ordinary and usual course of
business of Seller.

                  (e) Except as and to the extent reflected in the Balance
Sheet, Seller has no liabilities or assets which should be reflected on a
balance sheet prepared in accordance with Seller's accounting policies and
procedures and GAAP, other than any such liabilities not being assumed by
Purchaser hereunder or assets which are not being acquired by the Purchaser.

                  (f) Seller owns and, on the Closing Date, Seller will convey
to Purchaser the Assets, subject to certain Encumbrances more particularly
described in Exhibit "A" attached hereto.

                  (g) Schedule 2.1(g) hereto sets forth:

                           (i) All material contracts to which Seller is a party
         or by which it is bound relating exclusively to the business of Seller
         (including, without limitation, material sales contracts and leases of
         real or personal property).

                           (ii) To the best of Seller's knowledge, all
         governmental or other permits, licenses, authorizations or approvals
         issued to Seller or required in connection with the conduct of the
         business.

                  (h) All of the contracts set forth in Schedule 2.1(g) are in
full force and effect and are assignable or subject to obtaining consents of
third parties as specified on Schedule 2.1(g) or where the failure to obtain
such consent would not have a material and adverse effect on Seller.

         2.2 REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser represents
and warrants to Seller that:

                  (a) Purchaser is a corporation duly organized and validly
existing under the laws of the State of Colorado and will become duly qualified
to do business in each state where Seller conducts its business.

                                       5
<PAGE>

                  (b) This Agreement and the transactions contemplated hereby
have been duly authorized by the Purchaser, including all necessary corporate
action taken by its Board of Directors; Purchaser has full corporate power and
authority to execute, deliver and perform this Agreement, which has been duly
executed and delivered by Purchaser and constitutes a binding obligation of
Purchaser enforceable against Purchaser in accordance with its terms, except as
such enforcement may be limited by bankruptcy or similar laws affecting
creditors' rights generally; and neither Purchaser's execution and delivery nor
Purchaser's performance of this Agreement will violate the Certificate of
Incorporation or By-laws of Purchaser or, subject to obtaining such consents of
third parties as may be required, violate any material provisions of or result
in the acceleration of any obligation under any material loan or mortgage
agreement, lien, lease, agreement, instrument, court or administrative order,
arbitration award, judgment or decree to which Purchaser is a party or by which
it is bound, the effect of which would be materially adverse to Purchaser or
Seller.

                           III. PRE-CLOSING COVENANTS
                                ---------------------

         3.1 INFORMATION TO BE FURNISHED TO PURCHASER. From the date of this
Agreement to the date of the Closing, Seller shall supply Purchaser with all
information concerning the Assets and the Business of Seller that Purchaser
shall reasonably request.

         3.2 INSPECTIONS BY PURCHASER. Purchaser, its authorized representatives
and experts shall be afforded, from the date of this Agreement to the date of
the Closing, reasonable access to the Assets and the business and financial
records, contracts and prospects files, and other documentation relating to the
Assets during customary business hours at all reasonable times to permit
Purchaser to complete its due diligence inquiry. In connection therewith,
Purchaser agrees not to interfere with Seller's business.

         3.3 CONDUCT OF THE BUSINESS OF SELLER. From the date of this Agreement
to the date of the Closing, Seller shall conduct the Business of Seller in the
ordinary and usual course as it has previously been conducted.

         3.4 ASSIGNMENTS. Seller shall, to the best of its ability, to obtain
any required consents of third parties to the assignments of the agreements
being assigned to Purchaser hereunder, provided that Seller shall be under no
obligation to compensate any third party for such assignments. Purchaser shall
use its best efforts to aid Seller in obtaining such consents, including without
limitation the provision of reasonable financial information about the Purchaser
to any third party whose consent is required at such third party's request.

                                       6
<PAGE>

                                IV. POST-CLOSING
                                    ------------

         4.1      MUTUAL COOPERATION.

                  (a) Each party shall upon request provide the other with
assistance, including the use of Seller's former personnel and the production of
appropriate documents or records, in the prosecution or defense of any legal
action or claim relating to the Assets or the operations of Seller. Each party
shall take such further action and execute and deliver such further documents as
may be reasonably requested by the other party in order to carry out the
provisions and purposes of this Agreement, including each party's transfer and
delivery to the other, promptly upon receipt, of any cash, checks, drafts or
other property which properly belong to the other party.

                  (b) Seller and Purchaser agree to take all reasonable actions
necessary to obtain, and to cooperate with the other party and any third party
in obtaining, the consent or approval of any agency, commission, group or
procuring office of the federal government in connection with the transfer to
Purchaser of

                           (i) any prime contract, subcontract, purchase order
         or delivery order or other agreement between Seller (or Seller in
         connection with the Business of Seller) and any such agency, division,
         group or procuring office and

                           (ii) any outstanding bid, quotation or proposal
         submitted to any such agency, division, group or procuring office or to
         any prime contractor of the federal government, including, without
         limitation, the execution of novation agreements and any other
         documents reasonably requested by Purchaser and Seller and compliance
         with the rules and regulations of any such agency, division, group or
         procuring office in connection with such transfer.

                  (c) Notwithstanding anything to the contrary contained herein,
no contract, agreement or commitment shall be assigned in violation of
applicable laws or the terms of such contract, agreement or commitment and, with
respect to contracts, agreements and commitments that cannot be assigned or
novated to Purchaser following the Closing, the performance obligations of
Seller thereunder shall, unless not permitted by such contract, agreement or
commitment, be deemed subleased or subcontracted to Purchaser until such
contract, agreement or commitment has been assigned or novated. Purchaser and
Seller shall cooperate in obtaining any necessary approvals to such subleases
and subcontracts. Purchaser shall perform and complete all contracts, agreements

                                       7
<PAGE>

and commitments in accordance with their terms, and shall indemnify Seller in
such event as a result of its failure to so perform if neither assignment,
novation, subleasing nor subcontracting is permitted by the other party, and
Seller shall pay to Purchaser any amounts received by Seller following the
Closing as a result of performance by Purchaser of such contracts, agreements
and commitments. With respect to the contracts, agreements and commitments to be
assumed by Purchaser, Seller shall execute any novation agreements which
Purchaser requests Seller to execute, so long as the terms and conditions of
such novation agreements are reasonable. Seller acknowledges that the terms and
conditions of the form of novation agreement required under the Federal
Acquisition Regulations are reasonable.

         4.2 RETENTION OF SELLER'S RECORDS: POST-CLOSING INSPECTION RIGHTS.
Copies of all books and records of Seller delivered to Purchaser shall be
retained in a secure environment for two (2) years following the Closing Date or
the period required by law, whichever is greater, and, upon Seller's prior
request, shall be open for inspection by representatives of Seller at any time
during regular business hours during such retention period. Seller may at its
expense make any copies or excerpts therefrom as it may consider necessary.
Following the Closing Date, Purchaser shall notify Seller of the location and
custodian of such records and thereafter shall keep Seller informed of any
changes thereof. Purchaser shall not dispose of or destroy any of Seller's books
and records following the retention period without first offering them in
writing to Seller.

         4.3 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The representations,
warranties, covenants and agreements contained herein shall survive until the
second anniversary of the Closing Date and shall terminate thereafter.

                               V. INDEMNIFICATION
                                  ---------------

         5.1 SELLER'S INDEMNIFICATION. Seller hereby indemnifies Purchaser
against and holds it harmless from and in respect of any and all claims, suits,
actions, proceedings, judgments, deficiencies, damages, losses, liabilities, and
expenses (including reasonable attorneys' fees and disbursements) (hereinafter
referred to collectively as "Claims") arising out of, based upon, or resulting
from:

                                       8
<PAGE>

                  (i) Any breach of any representation, or warranty, or
agreement of Seller contained in this Agreement.

                  (ii) Except as specifically set forth herein, the conduct of
the business of Seller prior to the Closing.

                  (iii) Any and all liabilities or claims arising out of or as a
result of the Non-Assumed Liabilities.

                  (iv) Any and all liabilities or claims against any of the
current officers and directors of Purchaser arising out of or in connection with
this Agreement, and in this regard, Seller also agrees to indemnify and hold
harmless such officers and directors of Purchaser, in addition to Purchaser,
from such liabilities or claims, and expenses (including reasonable attorneys'
fees and disbursements).

         5.2 PURCHASER'S INDEMNIFICATION. Purchaser hereby indemnifies Seller
against and holds it harmless from and in respect of any and all Claims arising
out of, based upon, or resulting from:

                  (i) Any breach of any representation, or warranty, or
agreement of Purchaser contained in this Agreement.

                  (ii) Except as specifically set forth herein, the conduct of
the business of Buyer prior to the Closing.

         5.3 INDEMNIFICATION PROCEDURE. Promptly after the receipt by Seller or
Purchaser (or its officers and directors) of any Claim from any person who is
not a party to this Agreement which is subject to indemnification hereunder,
such party (the "Indemnified Party") shall give reasonable written notice to the
party from whom indemnification is claimed (the "Indemnifying Party"). The
Indemnifying Party shall, at its expense, defend any such Claims through counsel
of its own choice, and failing such defense, the Indemnified Party shall have
the right to (but shall not be obligated to) pay, compromise, or defend the
same. In any Claim defended by Indemnifying Party, the Indemnified Party may
participate, at its expense, in the defense of such Claim. The Indemnifying
Party shall not in the defense of a Claim consent to entry of any judgment or
enter into any settlement, except with the written consent of Indemnified Party,
which does not include an unconditional term thereof by the claimant or
plaintiff to Indemnified Party which operates as a full release from all
liability in respect of such Claim.

                                       9
<PAGE>

                                VI. MISCELLANEOUS
                                    -------------

         6.1 DISCLOSURE OF TRANSACTION. Seller and Purchaser shall keep this
Agreement and the transactions contemplated hereby strictly confidential and
neither party shall, without the other's prior consent, at any time before the
Closing, in any way disclose this Agreement or any of the transactions
contemplated hereby to any person or entity other than their employees and
agents on a strictly "need to know" basis; it being understood that such consent
shall not be unreasonably withheld with respect to such disclosure to
prospective lenders to and investors in Purchaser.

         Further, Seller and Purchaser shall consult with each other in issuing
any press releases or otherwise making public statements with respect to the
transactions contemplated hereby. The parties shall provide prior written notice
by facsimile to the parties referred to 6.5 before issuing any press release.
Neither party shall unreasonably delay any consent to the other party's press
release.

         6.2 ASSIGNMENT. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of each of the parties hereto, but shall
not be assignable by either party without the prior written consent of the
other.

         6.3 TERMINATION OF AGREEMENT. If any condition precedent specified in
Section 1 hereof to either party's obligations hereunder has not been satisfied,
and if such condition has not been waived by such party, in either case on or
before the Closing Date, any nondefaulting party may terminate this Agreement
upon written notice delivered to the other party on the Closing Date.

         6.4 RISK OF LOSS. Seller assumes all risk of loss to the Assets prior
to the Closing. Purchaser assumes all risk of loss to the Assets from and after
the Closing. Purchaser assumes all risk of loss to the Assets from and after the
Closing.

         6.5 NOTICES. All notices, requests and other communications hereunder
shall be in writing and shall be deemed to have been duly given on the date of
receipt, if served personally on the party to whom notice is to be given by
actual in person delivery, telephone (confirmed in writing), facsimile,
telegraph or similar means of communication, or if mailed, forty-eight (48)

                                       10
<PAGE>

hours after being sent to the party to whom notice is to be given, by first
class mail, return receipt requested, postage prepaid and properly addressed as
follows:

                           If to Seller, to:

                           HOMESYNC CORPORATION
                           Attn: Howard Lerman
                           6265 Corporate Drive
                           Colorado Springs, CO   80919
                           Ph: (719) 260-0109
                           Fax: (719) 260-7577

                           If to Purchaser, to:

                           SYSLYNC COLORADO, INC.
                           Attn: Ron Pitcock
                           P.O. Box 262094
                           Highlands Ranch, CO 80163
                           Ph: (303) 888-7462
                           Fax: (303) 736-6895

Copy to:                   G. David Gordon & Associates, P.C.
                           Attn: David Gordon
                           One Memorial Place
                           7633 East 63rd Place
                           Suite 210
                           Tulsa, OK 74133

provided, however, that if either party shall have designated a different
address by notice to the other, then to the last address so designated.

         6.6 GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Colorado.

         6.7 ARBITRATION. The parties hereby agree that all controversies,
claims or disputes between them arising out of or relating to this Agreement, or
the breach thereof, including without limitation, contract, tort, or other
controversies, claims, or disputes, shall be arbitrated in accordance with the
Commercial Arbitration Rules of the American Arbitration Association. Demand for
arbitration may be made no later than the time that such action would be

                                       11
<PAGE>

permitted under the applicable Colorado statute of limitations. The final award
shall include attorney's fees, costs and expenses of the prevailing party,
including the prevailing party's share of the administrative fee and the
arbitrator's fees and expenses, if any. Judgment upon any award rendered by the
arbitrator(s) may be entered in any court having jurisdiction. The Federal
Arbitration Act, 9 U.S.C. ss.ss.1-14, shall apply to the construction and
interpretation of this arbitration agreement.

         6.9 HEADINGS. The headings of the sections contained in this Agreement
are inserted for convenience only and shall not be deemed to constitute a part
hereof.

         6.10 COUNTERPART. More than one counterpart of this Agreement may be
executed by the parties hereto by facsimile signatures, and each fully executed
counterpart shall be deemed an original.

         6.11 COMPLETE AGREEMENT. This writing contains the entire agreement
between Purchaser and Seller, superseding all prior agreements whether oral or
written between the parties with respect to Seller, its business and the Assets,
and there are no warranties, express or implied, of merchantability, fitness or
otherwise except those expressly set forth in this Agreement.

         6.12 AMENDMENTS. This Agreement may not be modified or amended except
by a written instrument signed by authorized representatives of both parties and
referring specifically to this Agreement. No waiver of any breach or default
hereunder shall be considered valid unless in writing and signed by the party
giving such waiver, and no such wavier shall be deemed a waiver of any
subsequent breach or of the same or similar nature.

                                       12
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their officers as of the date first above written.

                                            PURCHASER

                                            SYSLYNC COLORADO, INC.,
                                            A COLORADO CORPORATION

                                            BY: /S/ RON PITCOCK
                                                -------------------
                                            RON PITCOCK, CEO
                                            NOVEMBER 20,2003

                                            SELLER

                                            HOMESYNC CORPORATION.,
                                            A DELAWARE CORPORATION

                                                -------------------
                                            HOWARD LERMAN, CEO
                                            NOVEMBER 20,2003

                                       13<PAGE>
                                                                   EXHIBIT 10.26

                           PERSISTENCE SOFTWARE, INC.

                         COMMON STOCK PURCHASE AGREEMENT

                                NOVEMBER 25, 2003

<PAGE>

                           PERSISTENCE SOFTWARE, INC.
                         COMMON STOCK PURCHASE AGREEMENT

         This Common Stock Purchase Agreement (the "Agreement") is entered into
as of this 25th day of November, 2003 (the "Effective Date") by and between
Persistence Software, Inc., a Delaware corporation (the "Company"), and the
individuals and entities listed on SCHEDULE A hereto (each a "Purchaser" and
collectively the "Purchasers").

                                    SECTION 1

                        SALE OF COMMON STOCK AND WARRANTS
                        ---------------------------------

         1.1 SALE OF COMMON STOCK. Subject to the terms and conditions hereof,
on the Closing Date (as defined below), the Company will issue and sell to each
Purchaser, and each Purchaser will purchase from the Company, that portion of
the Purchased Shares (as defined below) set forth opposite each such Purchaser's
name on SCHEDULE A attached hereto at the Stock Purchase Price (as defined
below). The term "Purchased Shares" shall mean 300,000 shares of Common Stock,
par value $0.001 per share, of the Company. The aggregate stock purchase price
(the "Stock Purchase Price") is One Million One Hundred Nineteen Thousand Sixty
($1,119,000). The Stock Purchase Price per Purchased Share issued is $3.73 per
share, which is the average closing sale price of the Company's Common Stock, as
reported by the Nasdaq SmallCap Market, over the 5 trading day period ending on
the date of this Agreement.

         1.2 ISSUANCE OF WARRANTS. Subject to the terms and conditions hereof,
on the Closing Date, the Company will issue a warrant to purchase that portion
of the Warrant Shares (as defined below) of the Company (the "Warrant"), in
substantially the form attached as Exhibit A hereto, to each Purchaser as set
forth opposite each such Purchaser's name on SCHEDULE A attached hereto at the
Stock Purchase Price (as defined below). The exercise price per Warrant Share
shall be $4.48 (subject to adjustment for stock splits, stock dividends and the
like), which is the Stock Purchase Price multiplied by 1.2. The purchase price
of the Warrants shall be $0.001 per share (the "Warrant Purchase Price" and
together with the Stock Purchase Price, the "Purchase Price"). The Purchased
Shares and the Warrant Shares are sometimes referred to herein as the
"Securities." The aggregate number of Warrant Shares is 60,000 shares of Common
Stock of the Company (subject to adjustment for stock splits, stock dividends
and the like), which is equal to twenty percent (20%) of the Purchased Shares.

         1.3 CLOSING DATE.

                  (a) The closing (the "Closing") of the purchase and sale of
the Purchased Shares and the Warrants shall be held at the offices of Heller,
Ehrman, White & McAuliffe, 2775 Sand Hill Road, Menlo Park, California at 1:45
p.m. on Monday, December 1st, or at such other time and place upon which the
Company and the Purchasers shall mutually agree. The date the Closing is
hereinafter referred to as the "Closing Date".

<PAGE>

         1.4 DELIVERY. At the Closing, the Company will deliver to each
Purchaser (i) a binding and irrevocable instruction letter to the Company's
transfer agent (U.S. Stock Transfer Corporation) instructing the transfer agent
to issue a stock certificate to such Purchaser representing the Purchased Shares
and (ii) the Warrant, against payment of the Purchase Price, by wire transfer of
immediately available funds.

         1.5 LEGEND. The certificate or certificates for the Securities (and any
securities issued in respect of or exchange for the Securities) shall be subject
to a legend or legends restricting transfer under the Securities Act of 1933, as
amended (the "Securities Act") and referring to restrictions on transfer herein,
such legends to be substantially as follows:

         THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF
COUNSEL FOR THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY
REQUIREMENTS OF SUCH ACT.

         The legends set forth above shall be removed and the Company shall
issue a certificate without such legends to the holder of any of the Securities
upon which it is stamped, if (a) the sale of such Security is registered under
the Securities Act, or (b) in connection with the resale of such Security, such
holder provides the Company with an opinion of counsel reasonably acceptable to
the Company, in form, substance and scope customary for opinions of counsel in
comparable transactions, to the effect that a public sale or transfer of such
Security may be made without registration under the Securities Act, or (c) the
Security can be sold to the public pursuant to Rule 144 under the Securities Act
("Rule 144") and a registered broker-dealer provides to the Company a customary
broker's Rule 144 letter, or (d) such holder provides the Company with
reasonable assurances that such Security can be sold under Rule 144(k) of the
Securities Act. Each Purchaser agrees to sell all Securities, including those
represented by a certificate(s) from which the legends have been removed,
pursuant to an effective registration statement or under an exemption from the
registration requirements of the Securities Act.

                                    SECTION 2

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY
                  ---------------------------------------------

         The Company hereby represents and warrants to each Purchaser that as of
the Effective Date:

         2.1 ORGANIZATION. The Company is a corporation duly organized and
validly existing under the laws of the State of Delaware and is in good standing
under such laws. The Company has the requisite corporate power and authority to
own, lease and operate its properties and assets, and to carry on its business
as presently conducted and as proposed to be conducted. The Company is qualified
to do business as a foreign corporation in each jurisdiction in which the

                                      -2-
<PAGE>

ownership of its property or the nature of its business requires such
qualification, except where failure to so qualify would not have a materially
adverse effect on the Company. The Company has no subsidiaries or equity
interest in any other entity other than Persistence Software Limited, a United
Kingdom Corporation, Persistence Software GmbH, a German corporation, and
Persistence Software Asia/Pacific Limited, a Hong Kong corporation, each of
which is duly organized and validly existing under the laws of the jurisdiction
of its incorporation, except where such failure does not have a materially
adverse effect on the Company.

         2.2 CAPITALIZATION. The authorized capital stock of the Company
consists of 75,000,000 shares of Common Stock, $0.001 par value, of which at
October 31, 2003, 2,410,618 shares were issued and outstanding, and 5,000,000
shares of Preferred Stock, $0.001 par value, of which no shares of Preferred
Stock were issued and outstanding. All such issued and outstanding shares have
been duly authorized and validly issued and are fully paid and nonassessable. In
addition, as of October 31, 2003, (i) 133,513 shares of Common Stock were
issuable upon exercise of outstanding warrants, (ii) under the Company's 1997
Stock Plan, options to purchase 314,254 shares of Common Stock were outstanding
and 364,356 shares were available for future issuance (plus up to an additional
3,864 shares of Common Stock that may be transferred to the 1997 Stock Plan from
the Company's 1994 Stock Purchase Plan), and (iii) under the Company's 1999
Directors' Stock Option Plan, options to purchase 21,800 shares of Common Stock
were outstanding and 28,200 shares were available for future issuance. Except as
set forth in the preceding sentence, there are no other options, warrants,
conversion privileges or other contractual rights presently outstanding to
purchase or otherwise acquire any shares of the Company's capital stock or other
securities other than pursuant to the Company's 1994 Stock Purchase Plan and
1999 Employee Stock Purchase Plan. There are no preemptive rights or rights of
first refusal or similar rights with respect to the issuance and sale of the
Securities.

         2.3 AUTHORIZATION. The Company has all corporate right, power and
authority to enter into this Agreement, the Warrants and the Registration Rights
Agreement substantially in the form attached hereto as Exhibit B (the
"Registration Rights Agreement," and collectively with this Agreement and the
Warrants (the "Transaction Documents") and to consummate the transactions
contemplated hereby and thereby. All corporate action on the part of the
Company, its directors and stockholders necessary for the authorization,
execution, delivery and performance of the Transaction Documents by the Company,
and the authorization, sale, issuance and delivery of the Purchased Shares and
the Warrants have been taken. The Transaction Documents have been duly executed
and delivered by the Company and constitute legal, valid and binding obligations
of the Company enforceable in accordance with their respective terms, subject to
laws of general application relating to bankruptcy, insolvency and the relief of
debtors and rules of law governing specific performance, injunctive relief or
other equitable remedies, and to limitations of public policy as they may apply
to the indemnification and contribution obligations pursuant to Section 1.7 of
the Registration Rights Agreement.

         2.4 VALID ISSUANCE. The Purchased Shares, Warrants and Warrant Shares
are duly authorized, and when issued, sold and delivered in accordance with the
terms of the Transaction Documents, (i) will be duly and validly issued, fully
paid and nonassessable and free and clear of any taxes, liens, claims,
preemptive or similar rights or encumbrances imposed by or through the Company,
(ii) based in part upon the representations of the Purchasers in this Agreement,

                                      -3-
<PAGE>

will be issued, sold and delivered in compliance with all applicable federal and
state securities laws, and (iii) the Purchased Shares (and upon payment of the
aggregate Exercise Price (as defined in the Warrants), the Warrant Shares) will
be entitled to all the rights, preferences and privileges of the shares of
Common Stock as set forth in the Company's Certificate of Incorporation. The
Warrant Shares have been duly reserved for issuance.

         2.5 NO CONFLICT. The execution and delivery of the Transaction
Documents do not, and the consummation of the transactions contemplated hereby
and thereby will not, conflict with, or result in any violation of, breach or
default (with or without notice or lapse of time, or both), or give rise to a
right of termination, cancellation or acceleration of any obligation or to a
loss of a material benefit, under, any provision of the Certificate of
Incorporation or Bylaws of the Company or any material agreement attached as an
exhibit to the Company's SEC Documents (as defined below), or any judgment,
order, decree, statute, law, ordinance, rule, listing requirement or regulation
applicable to the Company, its properties or assets, which conflict, violation,
default or right would have a material adverse effect on the business,
properties, prospects, financial condition or operations of the Company.

         2.6 SEC DOCUMENTS. The Company has filed with the Securities and
Exchange Commission (the "SEC"): (i) the Company's Annual Report on Form 10-K
for the year ended December 31, 2002, (ii) Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2003, June 30, 2003 and September 30, 2003, (iii)
the Company's Proxy Statement for the 2003 Annual Meeting of Stockholders, and
(iv) all Current Reports on Form 8-K required to be filed by the Company with
the Commission since December 31, 2002, copies of which have been made available
to the Purchasers (the "SEC Documents"). The SEC Documents have been duly and
timely filed, were in substantial compliance with the requirements of their
respective forms when filed, were complete and correct in all material respects
as of the dates at which the information was furnished, and contained (as of
such dates) no untrue statement of a material fact nor omitted to state a
material fact necessary in order to make the statements made therein in light of
the circumstances in which made not misleading; provided however that any
information set forth in any SEC Document that is a forward-looking statement as
defined in Rule 175(c) promulgated by the SEC under the Securities Act shall not
be deemed to contain an untrue statement of material fact as long as such
forward-looking statement was made at the time with a reasonable basis and in
good faith. Any statements made in any such SEC Documents that are or were
required to be updated or amended under applicable law have been so updated or
amended. The Company is not aware of any event occurring on or prior to the
Closing (other than the transactions effected hereby) that would require the
filing of, or with respect to which the Company intends to file, a Form 8-K
after the Closing.

         2.7 GOVERNMENTAL CONSENTS, ETC. No consent, approval or authorization
of or designation, declaration or filing with any governmental authority or self
regulatory organization on the part of the Company is required in connection
with the valid execution and delivery of the Transaction Documents, or the
consummation of any other transaction contemplated hereby and thereby, except
such filings as may be required to be made with the SEC, Nasdaq, the National
Association of Securities Dealers, Inc. and with governmental authorities for
purposes of effecting compliance with the securities and blue sky laws in the
states in which the Securities are offered and/or sold (which compliance will be
effected in accordance with such laws).

                                      -4-
<PAGE>

         2.8 LITIGATION. Other than as set forth in the SEC Documents, there is
no action, suit, proceeding, claim, arbitration or investigation pending or as
to which the Company has received any notice of assertion against the Company,
which could reasonably be expected to result in a material adverse effect on the
business, properties, prospects, financial condition or operations of the
Company.

         2.9 NO MATERIAL CHANGE. Subsequent to the date of the Quarterly Report
on Form 10-Q for the quarter ended September 30, 2003, the Company has not
incurred any material liabilities or obligations, direct or contingent, nor has
the Company purchased any of its outstanding capital stock, nor paid or declared
any dividends or entered into any transactions not in the ordinary course of
business; and there has been no change in the capital stock or consolidated long
term debt or short term obligations (other than in the ordinary course) of the
Company or a material adverse change in the business, properties, prospects,
financial condition or operations of the Company; provided, however that changes
in the ordinary course of business consistent with past practices, including but
not limited to the use of cash, variances in revenue and increases in
liabilities in the ordinary course of business consistent with past practices,
shall not be deemed to be a material adverse change.

         2.10 NO MATERIAL DEFAULT. The Company is not in violation of or default
in any material respect under any provision of (a) its Certificate of
Incorporation or Bylaws, (b) any federal or state judgment, order, decree,
statute, law, ordinance, rule or regulation applicable to the Company, or (c)
any material agreement attached as an exhibit to the SEC Documents, except such
violations or defaults as would not alone or in the aggregate have a material
adverse effect on the business, properties, prospects, financial condition or
operations of the Company.

         2.11 LISTING. The Company's Common Stock is currently traded on the
Nasdaq SmallCap Market; however, the Company has received a letter dated October
20, 2003 from the Nasdaq staff regarding the possible delisting of the Company's
Common Stock, a copy of which letter has been provided to the Purchasers.

         2.12 DISCLOSURE. No representation or warranty of the Company contained
in this Agreement, the exhibits attached hereto or the SEC Documents, as updated
by the disclosure letter dated concurrently herewith (when read together and
taken as a whole), contains any untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements contained herein
or therein in light of the circumstances under which they were made not
misleading.

         2.13 SOLICITATION. Neither the Company nor any of its subsidiaries or
affiliates, nor any person acting on its or their behalf, (i) has engaged in any
form of general solicitation or general advertising (within the meaning of
Regulation D) in connection with the offer or sale of the Securities or (ii)
has, directly or indirectly, made any offers or sales of any security or
solicited any offers to buy any security, under any circumstances that would
require registration of the Securities under the Securities Act.

                                      -5-
<PAGE>

                                    SECTION 3

                REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS
                ------------------------------------------------

         Each Purchaser hereby represents and warrants to the Company as follows
as of the Effective Date:

         3.1 INVESTMENT. The Purchaser is acquiring the Securities and the
Warrant for its own account, not as a nominee or agent and with no present
intention of selling or otherwise distributing any of the Securities. Purchaser
understands that, except as provided in the Registration Rights Agreement, the
Securities purchased by the Purchaser from the Company pursuant to this
Agreement have not been, and will not be, registered under the Securities Act by
reason of a specific exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of
the Purchaser's investment intent and the accuracy of the Purchaser's
representations as expressed herein.

         3.2 ACCREDITED INVESTOR. The Purchaser is an "accredited investor" as
defined by Rule 501(a) of the Securities Act. The SEC Documents have been made
available to the Purchaser. The Purchaser has such business and financial
experience as is required to give it the capacity to protect its own interests
in connection with the purchase of the Securities.

         3.3 AUTHORITY. The Transaction Documents have been duly executed and
delivered by the Purchaser and constitute legal, valid and binding obligations
of the Purchaser, enforceable in accordance with their respective terms, subject
to laws of general application relating to bankruptcy, insolvency and the relief
of debtors and rules of law governing specific performance, injunctive relief or
other equitable remedies, and to limitations of public policy. The execution and
delivery of the Transaction Documents do not, and the consummation of the
transactions contemplated hereby and thereby will not, conflict with or result
in any violation of any obligation under any judgment, order, decree, statute,
law, ordinance, rule or regulation applicable to the Purchaser.

         3.4 GOVERNMENT CONSENTS, ETC. No consent, approval or authorization of
or designation, declaration or filing with any governmental authority on the
part of the Purchaser is required in connection with the valid execution and
delivery of this Agreement, or the offer, sale or issuance of the Securities, or
the consummation of any other transaction contemplated hereby other than those
filings required the Exchange Act.

         3.5 INVESTIGATION. The Purchaser has had a reasonable opportunity to
discuss the Company's business, management and financial affairs with the
Company's management.

         3.6 STOCK OWNERSHIP. Neither the Purchaser nor any group of which it is
a member or to which it is related or with which it is affiliated, beneficially
owns (including the right to acquire or vote) any securities of the Company as
of the date hereof.

                                      -6-
<PAGE>

                                    SECTION 4

                   CONDITIONS TO OBLIGATIONS OF THE PURCHASERS
                   -------------------------------------------

         The obligations of each Purchaser to the Company under this Agreement
are subject to the fulfillment, on or before the Closing, of each of the
following conditions, unless otherwise waived by such Purchaser:

         4.1 REPRESENTATIONS AND WARRANTIES CORRECT. The representations and
warranties made by the Company in Section 2 shall be true and correct in all
material respects when made and on and as of the Closing Date with the same
effect as though such representations and warranties had been made on and as of
the Closing Date.

         4.2 COVENANTS. All covenants, agreements and conditions contained in
this Agreement to be performed by the Company on or prior to the Closing Date
shall have been performed or complied with in all material respects.

         4.3 NO ACTION, ETC. PENDING. There shall not at Closing be in effect
any action, order, or other proceeding, preventing, enjoining or otherwise
restraining the transactions contemplated by this Agreement.

         4.4 NO LAW PROHIBITING OR RESTRICTING SALE. There shall not be in
effect any law, rule or regulation prohibiting or restricting such sale, or
requiring any consent or approval of any person to issue the Securities which
shall not have been obtained (except as otherwise referenced in this Agreement).

         4.5 COMPLIANCE CERTIFICATE. The Company shall have delivered to the
Purchasers a certificate substantially in the form attached hereto as Exhibit C
executed by a duly authorized officer, dated the Closing Date, certifying to the
fulfillment of the conditions specified in Sections 4.1 and 4.2 and certifying
that, since the date of the Company's most recent filing with the SEC, there has
not been any material adverse change in the business, properties, prospects,
financial condition or operations of the Company; provided, however that changes
in the ordinary course of business consistent with past practices, including but
not limited to the use of cash, variance in revenues, and increases in
liabilities in the ordinary course of business consistent with past practices,
shall not be deemed to be a material adverse change.

         4.6 RELATED AGREEMENTS. On or before the Closing, the Company and the
Purchasers shall have executed and delivered counterparts of the Registration
Rights Agreement in the form attached hereto as Exhibit B.

         4.7 LEGAL OPINION. The Purchasers shall have received a legal opinion
from Heller Ehrman White & McAuliffe LLP, counsel to the Company, in a form
reasonably acceptable to the Purchasers.

                                       -7-
<PAGE>

                                    SECTION 5

                    CONDITIONS TO OBLIGATIONS OF THE COMPANY

         The obligations of the Company under this Agreement are subject to the
fulfillment on or prior to the Closing of each of the following conditions,
unless otherwise waived by the Company:

         5.1 REPRESENTATIONS AND WARRANTIES CORRECT. The representations and
warranties made by the Purchasers in Section 3 hereof shall be true and correct
in all material respects when made and on and as of the Closing Date with the
same effect as though such representations and warranties had been made on and
as of the Closing Date.

         5.2 PERFORMANCE. All covenants, agreements and conditions contained in
this Agreement to be performed by the Purchaser on or prior to the Closing Date
shall have been performed or complied with in all material respects.

         5.3 NO ACTION, ETC. PENDING. There shall not at Closing be in effect
any action, order or other proceeding, preventing, enjoining or otherwise
restraining the transactions contemplated by this Agreement.

         5.4 NO LAW PROHIBITING OR RESTRICTING SUCH SALE. There shall not be in
effect any law, rule or regulation prohibiting or restricting such sale, or
requiring any consent or approval of any person which shall not have been
obtained to issue the Securities (except as otherwise provided in this
Agreement).

         5.5 MINIMUM INVESTMENT. Unless otherwise waived by the Company, the
Purchasers shall have purchased Purchased Shares with an aggregate Stock
Purchase Price of at least $1,500,000.

                                    SECTION 6

                      POST-CLOSING COVENANTS OF THE COMPANY
                      -------------------------------------

         6.1 CURRENT REPORT. As soon as reasonably practicable, the Company
shall file with the SEC on Form 8-K, a pro forma balance sheet (reflecting the
effect of this Agreement and the transactions contemplated hereby) for the
period ended September 30, 2003, that shows compliance with the Nasdaq SmallCap
Market stockholders equity maintenance listing requirements.

                                    SECTION 7

                                  MISCELLANEOUS
                                  -------------

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

                                      -8-
<PAGE>

         7.2 FILINGS. The parties shall consult and fully cooperate with and
provide assistance to each other in preparing and filing as soon as practicable
all consents, approvals and authorizations reasonably necessary or advisable to
be made or obtained from any third-party or governmental agency in order to
consummate the transactions contemplated hereby.

         7.3 SURVIVAL. The representations and warranties of the Company and the
Purchasers contained in or made pursuant to this Agreement shall terminate six
(6) months following the Closing. The covenants in Section 6 shall survive for
the terms stated therein.

         7.4 SUCCESSORS AND ASSIGNS. Neither party may assign its rights or
obligations under this Agreement, except with the prior written consent of the
other party. This Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their permitted successors and assigns.

         7.5 ENTIRE AGREEMENT; AMENDMENT. This Agreement, the Warrants, the
Registration Rights Agreement and the other documents delivered pursuant hereto
or contemplated hereby constitute the full and entire understanding and
agreement between the parties with regard to the subject matter hereof and
thereof and supersede all prior agreements and understandings among the parties
relating to the subject matter hereof. Any term of this Agreement may be amended
or waived only with the written consent of the Company and the Purchasers
holding a majority of the Purchased Shares. Any amendment or waiver effected in
accordance with this Section 7.5 shall be binding upon the Purchasers and each
transferee of the Securities, each future holder of all such Securities, and the
Company.

         7.6 NOTICES AND DATES. Unless otherwise provided herein, any notice
required or permitted by this Agreement shall be in writing and shall be deemed
sufficient upon delivery, when delivered personally or by overnight courier and
addressed to the party to be notified at such party's address as set forth
below, or to the Company at its address specified on its signature page hereto,
or as subsequently modified by written notice. In the event that any date
provided for in this Agreement falls on a Saturday, Sunday or legal holiday,
such date shall be deemed extended to the next business day.

         If to the Company:         Persistence Software, Inc.
                                    1720 S. Amphlett Blvd, 3rd Floor
                                    San Mateo, CA 94402
                                    Attn: Chief Executive Officer

         With a copy to counsel for the Company:

                                    Heller Ehrman White &McAuliffe LLP
                                    Venture Law Group
                                    2775 Sand Hill Road
                                    Menlo Park, CA  94025
                                    Attn:  Laurel Finch
                                    Fax: 650.324.0638

                                      -9-
<PAGE>

         If to Purchasers: to the address listed on Schedule A for each
             Purchaser

         With a copy to counsel for the Purchasers:

                                    David Greenberg
                                    60 E. Sir Francis Drake Blvd., Suite 206
                                    Larkspur, CA 94939
                                    fax: 415-925-8875

         7.7 BROKERS.

                  (a) Other than Security Research Associates, Inc. ("SRA")
pursuant to an engagement letter dated November 12, 2003, the Company has not
engaged, consented to or authorized any broker, finder or intermediary to act on
its behalf, directly or indirectly, as a broker, finder or intermediary in
connection with the transactions contemplated by this Agreement. The Company
hereby agrees to indemnify and hold harmless the Purchasers from and against all
fees, commissions or other payments owing to any party acting on behalf of the
Company hereunder other than SRA.

                  (b) No Purchaser has engaged, consented to or authorized any
broker, finder or intermediary to act on its behalf, directly or indirectly, as
a broker, finder or intermediary in connection with the transactions
contemplated by this Agreement. Each Purchaser hereby agrees to indemnify and
hold harmless the Company from and against all fees, commissions or other
payments owing to any party acting on behalf of the Purchaser hereunder.

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

         7.9 COSTS AND EXPENSES. Each party hereto shall pay its own costs and
expenses incurred in connection herewith, including the fees of its counsel,
auditors and other representatives, whether or not the transactions contemplated
herein are consummated.

         7.10 NO THIRD PARTY RIGHTS. Nothing in this Agreement shall create or
be deemed to create any rights in any person or entity not a party to this
Agreement.

         7.11 PUBLICITY. The Purchasers and the Company shall not issue any
public statement concerning the transactions contemplated by this Agreement
without the reasonable prior written consent of the parties named in such public
statement; provided, however, that the parties may disclose the transaction or
the terms hereof or thereof from time to time without the approval of the party
whose name is disclosed if (i) such approval has been requested and not received
and such party concludes (after consulting with counsel) that it is required by
law to disclose the transaction or the terms thereof or (ii) to the extent that
similar disclosure has been previously approved pursuant to this Section 7.11.

                                      -10-
<PAGE>

         7.12 CAPTIONS AND HEADINGS. The captions and headings used herein are
for convenience and ease of reference only and are not intended to be a part of
or to affect the meaning or interpretation of this Agreement.

         7.13 COUNTERPARTS. This Agreement may be executed in counterparts, and
each such counterpart shall be deemed an original for all purposes.

                            [SIGNATURE PAGES FOLLOW]

                                      -11-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Common Stock
Purchase Agreement to be executed by their respective authorized officers as of
the date first written above.

                                      PERSISTENCE SOFTWARE, INC.

                                      By: /s/ Christopher T. Keene
                                          --------------------------------------
                                      Its: President and Chief Executive Officer

                SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Common Stock
Purchase Agreement to be executed by their respective authorized officers as of
the date first written above.

                                              ----------------------------------
                                              [Legal name of Purchaser -- print]

                                              By:
                                                  ------------------------------
                                                  Name:
                                                  Title:

                SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT

<PAGE>

                                   SCHEDULE A

                             SCHEDULE OF PURCHASERS

-------------------------------------- ----------   ------------   -----------
              NAME OF PURCHASER        PORTION OF    AGGREGATE     PORTION OF
                                        PURCHASED    PURCHASE       WARRANT
                                         SHARES       PRICE          SHARES
-------------------------------------- ----------   ------------   -----------
Clarion Capital Corporation              105,000      $391,650       21,000
Ohio Savings Plaza, Suite 51D
1801 East Ninth Street
Cleveland, Ohio 44114
-------------------------------------- ----------   ------------   -----------
Roy Rogers ttee UTD 9/28/89               33,000      $123,090        6,600
FBO Roy & Ruth Rogers Unit Trust
Roy Rogers ttee UTD 1/21/81               67,000      $249,910       13,400
FBO The Rogers Family Trust
27927 Briones Way
Los Altos Hills, CA 94022
-------------------------------------- ----------   ------------   -----------
Gerald S Casilli & Jeanne L Casilli       40,000      $149,200        8,000
ttees UTD  10/15/96 FBO The Casilli
Revocable Trust
2905 Woodside Road
Woodside, CA 94062
-------------------------------------- ----------   ------------   -----------
John Lee                                  40,000      $149,200        8,000
555 Montgomery Street
San Francisco, CA 94111
-------------------------------------- ----------   ------------   -----------
Howard Miller & Barbara Miller ttees      15,000       $55,950        3,000
UTD 9/30/87 FBO The Miller Trust
13 Edgewater Road
Belvedere, CA 94920
-------------------------------------- ----------   ------------   -----------
                    TOTAL                300,000    $1,119,000       60,000

-------------------------------------- ----------   ------------   -----------

<PAGE>

                                    EXHIBIT A

                                     WARRANT

<PAGE>

                                    EXHIBIT B

                          REGISTRATION RIGHTS AGREEMENT

<PAGE>

                                    EXHIBIT C

                           PERSISTENCE SOFTWARE, INC.

                             COMPLIANCE CERTIFICATE

         The undersigned, Christopher T. Keene, hereby certifies as follows:

         1. The undersigned is the duly elected President and Chief Executive
Officer of Persistence Software, Inc., a Delaware corporation (the "Company").

         2. The representations and warranties of the Company set forth in
Section 2 of the Common Stock Purchase Agreement dated November 25, 2003 (the
"Agreement") are true and correct in all material respects as though made on and
as of the date hereof.

         3. The Company has performed and complied with all covenants,
agreements, obligations and conditions contained in the Agreement to be
performed by the Company on or prior to the Closing Date.

         4. Since the date of the Company's most recent filing with the SEC,
there has not been any material adverse change in the assets, liabilities,
financial condition, or operations of the Company; provided, however that
changes in the ordinary course of business consistent with past practices,
including but not limited to the use of cash, variance in revenues, and
increases in liabilities in the ordinary course of business consistent with past
practices, shall not be deemed to be a material adverse change.

         The undersigned has executed this Certificate this 1st day of December,
2003.

                                           -------------------------------------
                                           Christopher T. Keene
                                           President and Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]