Document:

Registration Rights Agreement

 EXHIBIT 4.1
 PALM, INC.
 REGISTRATION RIGHTS AGREEMENT
                 This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made effective as of December 18, 2001, by
and among Palm, Inc., a Delaware corporation (the “Company”), and Siebel Systems, Inc. (the “Holder”).
 RECITALS

                A.         The Company and the Holder have entered into a
Restricted Stock Purchase Agreement dated as of the date hereof (the “Purchase Agreement”) whereby the Holder will purchase shares of the Company’s Common Stock.
                 B.         The Company is entering into this Agreement to provide liquidity
to Holder following Holder’s acquisition of the shares of the Company’s Common Stock.
 AGREEMENT
                 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:
                 1.  
 Certain Definitions.    As used in this Agreement, the terms below shall have the following respective meanings: 
                            “Black-Out Period” means any period during which executive
officers and directors of the Company are generally prohibited from engaging in trades in the Company’s securities pursuant to the Company’s internal trading policy, including but not limited to a Quarterly Blackout Period. 

                            “Commission”means the Securities and Exchange Commission or any
other federal agency at the time administering the Securities Act.
 
                            “Exchange Act” means the Securities Exchange Act of 1934, as
amended, or any similar federal rule or statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.
 
                            “Permitted Window” means the period during which the Holder is
entitled to sell Registrable Securities pursuant to a registration statement under Section 5 of this Agreement. Except as otherwise set forth in this Agreement, a Permitted Window shall (i) commence immediately after the end of a Black-Out
Period, and shall (ii) terminate immediately prior to the commencement of a Black-Out Period, unless Holder receives notice from the Company to the contrary in accordance with Section 5(b)(iii). 
 
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                            “Quarterly Black-Out Period” means a Blackout Period commencing
on the 15th day prior to the end of the last day of each of the Company’s fiscal quarters and terminating 24 hours after the Company publicly announces its results for such quarter.
                              “Registrable Securities”
means the shares of the Company’s Common Stock purchased by Holder under the Purchase Agreement, or issuable in respect thereof upon any conversion, stock split, stock dividend, recapitalization, merger or other reorganization; provided,
however, that securities shall only be treated as Registrable Securities if and so long as they have not been registered or sold to or through a broker or dealer or underwriter in a public distribution or a public securities
transaction.
 
                            “Register,” “registered” and
“registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement.

                             “Registration
Expenses” means all expenses, except Selling Expenses, incurred by the Company in complying with Section 5 hereof, including without limitation, all registration, qualification and filing fees, printing expenses, fees and
disbursements of counsel for the Company, blue sky fees and expenses, the expense of any special audits incident to or required by any such registration.
 
                            “Securities Act” means the Securities Act of 1933, as amended,
or any similar federal rule or statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.
 
                            “Selling Expenses” means (i) all underwriting discounts, selling
commissions and stock transfer taxes applicable to the securities registered by the Holder and (ii) all fees and disbursements of counsel for the Holder.
                 2.  Restrictions on Transferability. The Registrable Securities and any other securities issued
in respect of such securities upon any stock split, stock dividend, recapitalization, merger or other reorganization, shall not be sold, assigned, transferred or pledged except upon the conditions specified in this Agreement, which conditions are
intended to ensure compliance with the provisions of the Securities Act. The Holder will cause any proposed purchaser, assignee, transferee or pledgee of any such securities held by the Holder or transferee to agree to take and hold such securities
subject to the restrictions and upon the conditions specified in this Agreement, including without limitation the restrictions set forth in Section 4. 
                3.  Restrictive Legend. Each certificate representing the Registrable Securities shall be stamped or
otherwise imprinted with the following or similar legend: 
     THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED. SUCH SECURITIES MAY NOT BE TRANSFERRED UNLESS A REGISTRATION STATEMENT UNDER SAID ACT IS IN EFFECT AS TO SUCH TRANSFER OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER, SUCH TRANSFER MAY BE MADE WITHOUT
REGISTRATION UNDER SAID ACT.
 
 
 
 
  The Holder consents to the making of a notation by the Company on its records and giving
instructions to any transfer agent of its capital stock in order to implement the restrictions on transfer established in this 
 
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 Agreement, including without limitation, the instruction to impose a stop transfer order on the Registrable Securities during a Black-Out Period. 

                4.  Notice of Proposed Transfers. The Holder agrees to comply in all respects
with the provisions of this Section 4. Without in any way limiting the immediately preceding sentence or the provisions of Section 2, no sale, assignment, transfer or pledge (other than (i) a sale made pursuant to a registration
statement filed under the Securities Act and declared effective by the Commission for which no stop order has been issued and is then existing or (ii) a sale made in accordance with the applicable provisions of Rule 144) of Registrable Securities
shall be made by the Holder to any person unless such person shall first agree in writing to be bound by the restrictions of this Agreement, including without limitation this Section 4. Prior to any proposed sale, assignment, transfer or
pledge of any Registrable Securities, unless there is in effect a registration statement under the Securities Act covering the proposed transfer, the holder thereof shall give written notice to the Company of such holder’s intention to effect
such transfer, sale, assignment or pledge. Each such notice shall describe the manner and circumstances of the proposed transfer, sale, assignment or pledge in reasonable detail, and, if requested by the Company, the holder shall also provide, at
such holder’s expense, a written opinion of legal counsel (who shall be, and whose legal opinion shall be, reasonably satisfactory to the Company) addressed to the Company, to the effect that the proposed transfer of the Registrable Securities
may be effected without registration under the Securities Act and under applicable state securities laws and regulations. Upon delivery to the Company of such notice and, if required, such opinion, the holder of such Registrable Securities shall be
entitled to transfer such Registrable Securities in accordance with the terms of such notice. The Company agrees that it shall not request such an opinion of counsel with respect to (i) a transfer not involving a change in beneficial ownership, (ii)
a transaction involving the transfer without consideration of Registrable Securities by an individual holder during such holder’s lifetime by way of gift or on death by will or the laws of descent and distribution or (iii) a sale in accordance
with the applicable provisions of Rule 144. Each certificate evidencing the Registrable Securities transferred as above provided shall bear, except if such transfer is made pursuant to Rule 144 or pursuant to an effective registration statement, the
appropriate restrictive legend set forth in Section 3 above, except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and counsel for the Company, such legend is not required in order
to establish or ensure compliance with the provisions of the Securities Act.
                 5. 
Registration on Form S-3. 
                             (a)  Registration. Within five
(5) business days following the Closing, the Company shall file with the Commission a registration statement on Form S-3 (or any successor form, a “Form S-3 Registration Statement”) covering all Registrable Securities. The Company
shall use its commercially reasonable efforts to cause such Form S-3 Registration Statement to be filed and declared effective as soon as practicable thereafter. The Company shall use its commercially reasonable efforts to keep such Form S-3
Registration Statement effective until all of the Registrable Securities have been sold. The Company shall notify the Holder of the commencement and ending of a Black-Out Period other than a Quarterly Blackout Period no later than the time the
Company notifies its executive officers and directors of the corresponding Black-Out Period.  
                             (b)  Limitations on Registration and
Sale of Registrable Securities. Notwithstanding anything in this Agreement to the contrary, the Company’s obligations and the Holder’s rights under this Section 5 are subject to the limitations and qualifications set forth
below, which may be waived in writing by the Company. 
 
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    (i)       The Company shall have no obligation to keep effective a registration statement hereunder following such time as the Holder is eligible to sell all of its Registrable Securities in a
three-month period under the applicable provisions of Rule 144.
                                   
          (ii)      The Holder will sell Registrable Securities pursuant to a registration effected hereunder only during a Permitted Window, unless such sale would otherwise
be exempt from the registration requirements of the Securities Act.
                                   
          (iii)     If the Company furnishes to the Holder a certificate signed by the Chief Executive Officer or Chief Financial Officer of the Company stating that, in the good
faith reasonable judgment of the Chief Executive Officer, after consultation with the Company’s advisors and the Board of Directors of the Company, it would be seriously detrimental to the Company for a Permitted Window to be in effect, then
the Company may delay the commencement of a Permitted Window or may effect an early termination of a Permitted Window that has commenced, as the case may be, until up to 45 calendar days after the date of the certificate delivered pursuant to this
Section 5(b)(iii); provided, however, that during any Black-Out Period, the Company shall not register its common stock under the Securities Act for its own account (except for the registration of securities eligible to be
registered on Form S-8 or Form S-4); and provided further that in no event shall the delay of a Permitted Window or the termination of a Permitted Window pursuant to this Section 5(b)(iii) extend for longer than an aggregate of 60
calendar days during any 12-month period. The Holder shall keep the fact and content of any notice relating to the commencement or termination of a Black-Out Period, and the event or circumstances giving rise to any such notice, confidential,
subject to the exceptions to confidentiality set forth in Section 5(c)(ix). 
                             (c)   Registration
Procedures. In connection with any registration required under this Agreement, the Company shall take the actions set forth below.
                                   
          (i)       Prepare and file with the SEC and use its commercially reasonable efforts to cause to become effective a Form S-3 Registration Statement with respect
to the Registrable Securities in accordance with the provisions of Section 5(a).  
                                   
          (ii)      Prepare and file with the SEC such amendments and supplements to such Form S-3 Registration Statement and the prospectus used in connection with such Form
S-3 Registration Statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Form S-3 Registration Statement.
                                   
          (iii)     The Company shall permit a single firm of counsel designated by the Holder to review the Form S-3 Registration Statement and all amendments and supplements
thereto a reasonable period of time prior to the filing of the Form S-3 Registration Statement with the Commission and shall not file the Form S-3 Registration Statement in a form to which such counsel reasonably objects. 
                                   
          (iv)     The Company shall notify the Holder of any stop order issued or threatened by the Commission or other suspension of effectiveness of the Form S-3 Registration
Statement and will take all reasonable actions necessary or appropriate to prevent the entry of such stop order or to remove it if entered and will notify the Holder of the resolution of such situation. 
                                   
          (v)      The Company shall furnish to the Holder and each underwriter, if any, of Registrable Securities covered by the Form S-3 Registration Statement filed
pursuant to this Agreement (A) promptly after the same is prepared and publicly distributed, filed with the Commission, or received by the 
 
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  Company, one copy of the Form S-3 Registration Statement and any amendment thereto, each preliminary prospectus and prospectus and each amendment or supplement
thereto, and, as promptly as practicable after the date of effectiveness of the Form S-3 Registration Statement or any amendment thereto, a notice stating that the Form S-3 Registration Statement or amendment thereto has been declared effective, and
(B) such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto), and the prospectus included in such registration statement (including each preliminary prospectus), in
conformity with the requirements of the Securities Act, and such other documents as the Holder may reasonably request in order to facilitate the disposition of the Registrable Securities owned by the Holder. Such delivery of documents pursuant to
(B) above shall be made by the Company within two (2) trading days of receipt of a request therefore from the Holder. 
                                   
          (vi)      The Company shall use its commercially reasonable efforts to register or qualify the Registrable Securities under the securities or “blue sky”
laws of each State of the United States of America as any of the Holder or underwriters, if any, of the Registrable Securities covered by a registration statement filed hereunder reasonably requests, and shall do any and all other acts and things
which may be reasonably necessary or advisable to enable the Holder and each underwriter, if any, to consummate the disposition in such States of the Registrable Securities owned by the Holder; provided that the Company shall not be required
to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection (vi), (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process
in any such jurisdiction. 
 
                                        
    (vii)     The Company shall immediately notify the Holder of the happening of any event which comes to the Company’s attention if, as a result of such event, the prospectus included in the Form S-3
Registration Statement, as then in effect, contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and
the Company shall promptly prepare and furnish to each Holder and file with the Commission a supplement or amendment to such prospectus or registration statement or take such other action so that such prospectus or registration statement will no
longer contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
                                   
          (viii)    The Company shall enter into customary agreements (including an underwriting agreement in customary form) and take all such other reasonable and customary
actions as the Holder or the underwriters, if any, may reasonably request in order to expedite or facilitate the disposition of the Registrable Securities in accordance with the terms of this Agreement. 
                                   
          (ix)      With respect to any disposition pursuant to a registration statement filed under this Agreement, the Company shall cause the officers, directors and employees
of the Company and each of its subsidiaries to supply such information and respond to such inquiries as any Holder or underwriter or agent may reasonably request or make for the purpose of exercising its due diligence responsibility and, in
particular, confirming that such registration statement does not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made,
not misleading; provided, however, that the Holder shall hold in confidence and shall not make any disclosure (except to another Holder, if any) of such information, unless (A) disclosure of such information is necessary to comply with
federal or state securities laws, provided that the Company shall be given reasonable notice of the proposed disclosure and that such disclosure is limited to the maximum extent permitted under such securities laws, (B) disclosure of such
information is necessary to avoid or correct a misstatement or omission in the Form S-3 Registration Statement, (C) release of such information is ordered 
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  pursuant to a subpoena or other order from a court or government body of competent jurisdiction, (D) such information has been made generally available to the
public other than by disclosure in violation of this or any other agreement, or (E) the Company consents to any such disclosure. The Holder agrees that it shall, upon learning that disclosure of such information is sought in or by a court or
governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the
information deemed confidential. Nothing herein shall be deemed to limit the Holder’s ability to sell Registrable Securities in a manner which is otherwise consistent with applicable laws and regulations.  
                                        
    (x)      The Company shall hold in confidence and not make any disclosure of information concerning the Holder provided to the Company pursuant to this Agreement unless (A) disclosure of such information is
necessary to comply with federal or state securities laws, provided that the Holder shall be given reasonable notice of the proposed disclosure and that such disclosure is limited to the maximum extent permitted under such securities laws,
(B) disclosure of such information is necessary to avoid or correct a misstatement or omission in the Form S-3 Registration Statement, (C) release of such information is ordered pursuant to a subpoena or other order from a court or governmental body
of competent jurisdiction, (D) such information has been made generally available to the public other than by disclosure in violation of this or any other agreement, or (E) the Holder consents to the form and content of any such disclosure. The
Company agrees that it shall, upon learning that disclosure of such information concerning the Holder is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Holder prior to making
such disclosure, and allow the Holder, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, such information. 
                                   
          (xi)     The Company shall cause all Registrable Securities registered under this Agreement to be listed on the Nasdaq National Market (“NASDAQ”), and
shall pay any fees for the additional listing of the shares of its common stock on NASDAQ as required by NASDAQ, or such other principal market as the Company’s Common Stock may then be listed or traded, and take such other acts as may be
necessary to secure such listing. 
                 6.   Other Registration Rights.
The Holder acknowledges that certain other securityholders of the Company may now or hereafter have registration rights, and that such other securityholders may be entitled to sell their securities at the same time as the Holder hereunder.

                 7.  Expenses of Registration. All Registration Expenses incurred in
connection with the Company’s obligations hereunder shall be borne by the Company. All Selling Expenses relating to securities proposed to be registered hereunder and all other registration expenses shall be borne by the Holder.

                8.  Indemnification. 
                             (a) To the extent permitted by law, the
Company will indemnify and hold harmless the Holder, each of its officers and directors, employees, partners, advisors and agents, and each person controlling the Holder within the meaning of Section 15 of the Securities Act, with respect to a
registration that has been effected pursuant to this Agreement, against all expenses, claims, losses, damages or liabilities (or actions or proceedings in respect thereof), including reasonable costs of investigation and reasonable legal fees and
expenses and any of the foregoing incurred in settlement of any litigation, commenced or threatened, arising out of or based on (i) any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement,
preliminary prospectus, prospectus, offering circular or other document, or any amendment or supplement thereto, incident to any such registration, or arising out of or based on any 
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  omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading or (ii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other applicable securities law, including, without limitation, any state securities law, or
any rule or regulation thereunder or under the Securities Act or the Exchange Act relating to the offer or sale of the Registrable Securities and, in either case, the Company will reimburse each Indemnified Party (as defined in Section 8(c)),
for any legal and any other expenses reasonably incurred in connection with investigating, preparing or defending any such claim, loss, damage, liability or action, provided that the Company will not be liable in any such case to the extent
that any such claim, loss, damage, liability or expense arises out of or is based on any untrue statement or omission or alleged untrue statement or omission, made in reliance upon and contained in written information furnished to the Company by an
instrument duly executed by the Holder or controlling person or their authorized agent, and stated to be specifically for use therein; and provided, further, that the foregoing indemnity agreement is subject to the condition that,
insofar as it relates to any such untrue statement, alleged untrue statement, omission or alleged omission made in a preliminary prospectus, such indemnity agreement shall not inure to the benefit of any person, if a copy of the final prospectus or
an amended or supplemented prospectus, as applicable, was furnished to the Holder or an underwriter within the period of time required by the Securities Act, and if the final prospectus or the amended or supplemented prospectus, as applicable, would
have cured the defect giving rise to the loss, liability, claim or damage. In no event, however, shall the Company have any indemnification obligation to the extent that the expenses, claims, losses, damages or liabilities as to which
indemnification is sought are in connection with an offer or sale made by a person other than the Company during a Black-Out Period (a “Violation”). The Company also agrees to indemnify underwriters participating in the
distribution, their officers, directors, employees, partners and agents, and each person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above, if so requested.
                            (b)  To the extent permitted by law, the
Holder will indemnify the Company, each of its directors and officers, employees, partners, advisors and agents and each person controlling the Company within the meaning of Section 15 of the Securities Act against all claims, losses, damages and
liabilities (or actions or proceedings in respect thereof) arising out of or based on (i) a Violation by the Holder or (ii) any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement,
prospectus, preliminary prospectus, offering circular or other document, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will
reimburse each Indemnified Party, for any legal or any other expenses reasonably incurred in connection with investigating, preparing or defending any such claim, loss, damage, liability or action, but, in the case of clause (ii) above, only to the
extent that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in reliance upon and contained in written information furnished to the Company by an instrument duly executed by such Holder or controlling
person or their agent and stated to be specifically for use therein; provided, however, that the foregoing indemnity is subject to the condition that, insofar as it relates to any untrue statement, alleged untrue statement, omission or
alleged omission made in a preliminary prospectus, such indemnity agreement shall not inure to the benefit of any person, if a copy of the final prospectus or an amended or supplemented prospectus, as applicable, was not furnished by the Company to
the Holder or underwriter within the time period required by the Securities Act, and if the final prospectus, as amended or supplemented, as applicable, would have cured the defect giving rise to the loss, liability, claim or damage; and
provided further, however, that the Holder shall be liable for only that amount as does not exceed the net proceeds actually received by the Holder as a result of the offering of Registrable Securities to which the loss,
liability, claim or damage relates. The Holder also agrees to indemnify underwriters participating in the distribution, their officers, directors, employees, partners 
 
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 and agents, and each person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above, if so requested. 
                            (c)  Each party
entitled to indemnification under this Section 8 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom, provided that (i) counsel for the Indemnifying Party, who
shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense, (ii) that
the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 8 unless the failure to give such notice is materially prejudicial to an Indemnifying
Party’s ability to defend such action, and then only to the extent that such Indemnifying Party is materially prejudiced, and (iii) that the Indemnifying Party shall not assume the defense for matters as to which, in the reasonable opinion of
counsel retained by the Indemnified Party, there is a conflict of interest or there are separate and different defenses. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party,
consent to entry of any judgment or enter into any settlement which (i) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or
litigation and a covenant not to sue, (ii) includes admission of fault by the Indemnified Party or (iii) commits the Indemnified Party to pay any money damages. The indemnification required by this Section 8 shall be made by periodic payments
of the amount thereof during the course of the investigation or defense, as such expense, loss, damage or liability is incurred and is due and payable. 
                             (d)  The obligations of the Company and
the Holder under this Section 8 shall survive the completion of any offering of Registrable Securities in a registration statement filed pursuant to this Agreement.
                 9.     Contribution. If the indemnification
provided for in Section 8 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party or insufficient to hold it harmless as contemplated by Section 8, then the Indemnifying Party, in lieu of indemnifying the
Indemnified Party hereunder, shall contribute to the amount paid or payable by the Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the
Indemnifying Party and the Indemnified Party, but also the relative fault of the Indemnifying Party and the Indemnified Party in connection with the statements or omissions that resulted in such loss, claim, damage or liability, as well as any other
relevant equitable considerations, provided that no Holder shall be required to contribute an amount greater than the dollar amount of the net proceeds received by such Holder with respect to the sale of the Registrable Securities giving rise to
such indemnification obligation. The relative fault of any Indemnifying Party or of any Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact relates to information supplied by such Indemnifying Party or the Indemnified Party or their affiliates or representatives, and the parties’ relative intent, knowledge, access to information and the
opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 9 were determined by (i) pro rata allocation (even if all Holders or any
agents for the Holders or any underwriters of the Registrable Securities, or all of them, were treated as one entity for such purpose), or (ii) by any other method that does not take into account the equitable considerations referred to in this
Section 9. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages or liabilities (or actions or proceedings in respect thereof) referred to 
 
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  above shall be deemed to include any legal or other fees or expenses reasonably incurred by such Indemnified Party in connection with investigating or defending
any such action, proceeding or claim. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person.  
                 10.  Information by Holder. The Holder shall furnish to the
Company such information regarding the Holder, the Registrable Securities held by it and the distribution proposed by the Holder as the Company may reasonably request in writing and as shall be required in connection with any registration referred
to in this Agreement. Notwithstanding anything contained herein to the contrary, the Company shall have no obligation to effect any registration hereunder prior to its receipt of such information. 
                 11.  Rule 144 Reporting. With a view to making available to the
Holder the benefits of certain rules and regulations of the Commission which may permit the sale of the Registrable Securities to the public without registration the Company agrees to use all reasonable efforts to:
                             (a)  Make and keep public information
available, as those terms are understood and defined in Rule 144 under the Securities Act; 
                             (b)  File with the Commission in a
timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and
                             c)   Furnish to the Holder, so
long as the Holder owns or has the right to acquire any Registrable Securities, promptly after the Holder’s written request, a written statement by the Company as to its compliance with the foregoing requirements and such other information as
may be reasonably requested in availing the Holder of any rule or regulation of the Commission which permits the selling of any such securities without registration. 
                 12.  Transfer of Registration Rights. The rights to cause the
Company to register securities granted to Holder under Section 5 may not be assigned, other than to an affiliate of the Holder, without the prior written consent of the Company in its sole discretion.
                  13. 
Amendment. Except as otherwise provided above, any provision of this Agreement may be amended or the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with
the written consent of the Company and the Holder. 
                 14. 
Governing Law. This Agreement shall be governed in all respects by the laws of the State of California, without regard to conflict of laws provisions. 
                 15.  Entire Agreement. This Agreement constitutes the full and
entire understanding and Agreement among the parties regarding the matters set forth herein. Except as otherwise expressly provided herein, all other agreements regarding the registration rights of the Holder shall hereby expire. The provisions
hereof shall inure to the benefit of, and be binding upon the successors, permitted assigns, heirs, executors and administrators of the parties hereto. 
                 16.  Notices. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, by hand, by messenger or by overnight courier, addressed: 
 
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	 	(a)	 	if to a Holder, to:
	 	 	 	 
	 	 	 	 	Siebel Systems, Inc.
 2207 Bridgepointe Parkway
 San Mateo, CA 94404
 Attention: Vice President, Legal Affairs
	 	 	 	 
	 	 	 	 	or at such other address as such Holder shall have furnished to the Company.
	 	 	 	 
	 	(b)	 	if to the Company, to: 
	 	 	 	 
	 	 	 	 	Palm, Inc. 
 5470 Great America Parkway
 Santa Clara, CA 95052
 Attention: General Counsel
	 	 	 	 
	 	or at such other address as the Company shall have furnished to the Holder, with a copy to:
	 	 	 	 
	 	 	 	 	Wilson Sonsini Goodrich & Rosati
 650 Page Mill Road
 Palo Alto, CA 94304-1050
 Attn: Katharine A. Martin, Esq.

                 Each such notice or other communication shall for all purposes of this Agreement be
treated as effective or having been given when actually delivered as provided above, if delivered personally or by messenger, or, on the day shown on the return receipt, if sent by mail or other delivery service.
                 17. Counterparts. This Agreement may be executed in any number of
counterparts, including a facsimile counterpart, each of which shall be an original, but all of which together shall constitute one instrument. (Remainder of page
intentionally left blank.)
 
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             IN WITNESS WHEREOF, the parties
hereto have executed this Registration Rights Agreement as of the date first written above.
  
	COMPANY:	 	HOLDER:
	 	 	 
	PALM, INC.	 	SIEBEL SYSTEMS, INC.
	 	 	 
	By: /s/ Judy Bruner______________  	 	By: /s/ Kenneth A. Goldman______________
	Name: Judy Bruner______________  	 	Name: Kenneth A. Goldman______________
	Title: Sr VP & CFO_____________  	 	Title:  SVP Finance and Administration and CFO

 

	  11<PAGE>

                                                                    Exhibit 10.1

                                MASTER AMENDMENT
                 TO PARTNERSHIP AGREEMENT, MANAGEMENT AGREEMENT
                     AND DEFINITION AND ADJUSTMENT AGREEMENT

     THIS MASTER AMENDMENT (the "Amendment") with respect to the Partnership
Agreement, Management Agreement and Definition and Adjustment Agreement referred
to below is made and entered into as of the 2nd day of January, 2002 by and
among PIEDMONT COCA-COLA BOTTLING PARTNERSHIP (formerly known as Carolina
Coca-Cola Bottling Partnership), a Delaware general partnership (the
"Partnership"), CCBC OF WILMINGTON, INC., a Delaware corporation and
wholly-owned subsidiary of the Partnership ("CCBC Wilmington"), THE COCA-COLA
COMPANY, a Delaware corporation ("KO"), PIEDMONT PARTNERSHIP HOLDING COMPANY, a
Delaware corporation, indirect wholly-owned subsidiary of KO and successor in
interest to Carolina Coca-Cola Holding Company, The Coastal Coca-Cola Bottling
Company and Eastern Carolina Coca-Cola Bottling Company, Inc. ("KO Sub"),
COCA-COLA BOTTLING CO. CONSOLIDATED, a Delaware corporation and successor in
interest to Coca-Cola Bottling Co. Affiliated, Inc. ("CCBCC") and COCA-COLA
VENTURES, INC., a Delaware corporation, wholly-owned subsidiary of CCBCC and
successor in interest to Palmetto Bottling Company and Fayetteville Coca-Cola
Bottling Company ("CCBCC Sub").

                              Statement of Purpose
                              --------------------

     KO Sub and CCBCC Sub are equal partners in the Partnership and are parties
to that certain Partnership Agreement, dated as of July 2, 1993 (as amended by
that certain First Amendment, dated August 5, 1993, and by that certain Second
Amendment, dated August 12, 1993, the "Partnership Agreement"). CCBCC serves as
the manager of the day-to-day operation of the business of the Partnership
pursuant to the terms and conditions of that certain Management Agreement, dated
as of July 2, 1993, by and among CCBCC, the Partnership, CCBC Wilmington, KO Sub
and CCBCC Sub (as amended by that certain First Amendment, dated as of January
1, 2001, the "Management Agreement").

     Simultaneously with the execution and delivery of the Partnership Agreement
and the Management Agreement, the Partnership, CCBC Wilmington, CCBCC, CCBCC
Sub, KO and KO Sub entered into that certain Definition and Adjustment
Agreement, dated as of July 2, 1993 (the "DAA Agreement"), which contains
certain defined terms used in the Partnership Agreement and the Management
Agreement and provided for certain adjustments that were made in connection with
the initial capitalization of the Partnership.

     Pursuant to that certain Securities Purchase Agreement, dated as of even
date herewith, between CCBCC Sub and KO Sub, CCBCC Sub will purchase from KO
Sub, and KO Sub will sell to CCBCC Sub, a 4.651% interest in the capital,
profits and losses of the Partnership, including, without limitation, 9.302% of
KO Sub's Capital Account, KO Sub's rights to allocations of net profit and net
loss and distributions of cash flow and capital items of the Partnership (the
"Purchase Transaction"), such that immediately after the consummation of the
Purchase Transaction, CCBCC Sub and KO Sub will have a 54.651% and 45.349%
respective interest in the capital, profits and losses of the Partnership. In
connection with the Purchase Transaction, the parties hereto desire to consent
to the Purchase Transaction and to amend the

<PAGE>

     Partnership Agreement, the Management Agreement and the DAA Agreement to,
among other things, (a) update certain addresses contained therein, (b) adjust
the relative ownership percentages of the Partners to give effect to the
Purchase Transaction as more fully described herein, (c) revise the liquidation
mechanics upon dissolution of the Partnership to reflect the current intention
of the parties and (d) amend the definition of "Harrison Change of Control" to
address certain estate planning changes in the Harrison family's holdings.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     1.   Capitalized Terms. All capitalized terms used and not defined herein
          -----------------
shall have the meanings given thereto in the Partnership Agreement.

     2.   Consent to Purchase Transaction. Each of the parties hereto hereby
          -------------------------------
consents to the Purchase Transaction and each of the Partnership, KO Sub and
CCBCC Sub hereby waives any right to object to the Purchase Transaction under
Section 16.1(a) of the Partnership Agreement as a transfer of less than KO Sub's
entire Interest.

     3.   Amendments to Partnership Agreement.
          -----------------------------------

          (a)  Section 3.2 of the Partnership Agreement is hereby amended by
deleting the existing Section 3.2 in its entirety and inserting the following in
lieu thereof:

               3.2. Principal Office. The principal office of the Partnership
                    ----------------
               shall be located at 4100 Coca-Cola Plaza, Charlotte, North
               Carolina 28211-3481, or at such other place as may be designated
               from time to time by the Executive Committee.

          (b)  Section 6 of the Partnership Agreement is hereby amended by
deleting the existing Section 6 in its entirety and inserting the following in
lieu thereof:

               Section 6. Partnership Interests. Notwithstanding any adjustment
               ---------  ---------------------
               in the Partners' Capital Account balances, each Partner's
               Interest in the Partnership shall be as follows:

                                 KO Sub        45.349%
                                 Ventures      54.651%

          (c)  Paragraphs (b) and (c) of Section 16.2 of the Partnership
Agreement are hereby amended by deleting the existing paragraphs (b) and (c) in
their entirety and inserting the following in lieu thereof:

               (b) The Partner receiving the Sale Notice shall have an option
               for a period of one hundred twenty (120) days from receipt of the
               Sale Notice to agree to purchase from the Selling Party the
               Interest proposed to be transferred at the same price (whether in
               cash or the same type of non-cash consideration as is offered by
               the Third

                                       2

<PAGE>

               Party) and upon the same terms and subject to the conditions
               contained in the Sale Notice; provided, however, that if the
               specified consideration is not cash and the Partner receiving the
               Sale Notice does not agree with the Selling Partner's good faith
               determination of the fair market value of such non-cash
               consideration, then the Partner receiving the Sale Notice shall
               require that the fair market value of such non-cash consideration
               (and the resultant purchase price for the offered Interest) be
               determined by an appraisal firm appropriate for the type of
               specified non-cash consideration by giving written notice to the
               Selling Partner to such effect prior to the thirtieth (30th) day
               after that date that it received such Sale Notice. Such appraisal
               firm shall be selected in the same manner provided for the
               selection of investment banking firms in Section 18.3. In the
               event an appraisal firm is retained to determine the purchase
               price for the offered Interest, the option period described in
               this Section 16.2(b) shall expire on the later of (i) the date
               that is thirty (30) days after the date the opinion of the
               appraisal firm regarding the value of the Interests is delivered
               to the Partner receiving the Sale Notice and (ii) the date that
               is one hundred twenty (120) days from receipt of the Sale Notice.
               The costs and expenses of such appraisal firm shall be borne by
               the Partnership.

               (c) The Partner receiving the Sale Notice may exercise the
               purchase option described in Section 16.2(b) by giving written
               notice to the Selling Partner to such effect, prior to the
               expiration of the option period described in Section 16.2(b).
               Such written notice shall specify the date for the closing of the
               purchase of such Interests which shall be at least ten (10) days,
               but no more than thirty (30) days, after the date such Partner
               gives such written notice. The closing of such sale shall occur
               as provided in Section 19.3.

          (e)  Paragraph (d) of Section 16.2 of the Partnership Agreement is
hereby amended by deleting the words "thirty (30) day" contained therein.

          (f)  Section 20.3 of the Partnership Agreement is hereby amended by
deleting the existing Section 20.3 in its entirety and inserting the following
in lieu thereof:

               20.3. Intentionally Deleted.
                     ---------------------

          (g)  Section 20.4 of the Partnership Agreement is hereby amended by
deleting the existing Section 20.4 in its entirety and inserting the following
in lieu thereof:

               20.4. Intentionally Deleted.
                     ---------------------

                                       3

<PAGE>

          (h)  Section 20.5 of the Partnership Agreement is hereby amended by
deleting the existing Section 20.5 in its entirety and inserting the following
in lieu thereof:

               20.5. Procedures on Liquidation. Upon the occurrence of a
                     -------------------------
               Dissolving Event, the Partnership shall continue solely for the
               purposes of winding up its affairs in an orderly manner,
               liquidating its assets and satisfying the claims of its creditors
               and Partners, and the Executive Committee shall not take any
               action that is inconsistent with, or not necessary to or
               appropriate for, the winding up of the Partnership's business and
               affairs. The Executive Committee shall be responsible for
               overseeing the winding up and dissolution of the Partnership,
               shall take full account of the Partnership's liabilities and the
               Partnership's assets, shall cause the Partnership's assets to be
               liquidated as promptly as is consistent with obtaining the fair
               value thereof, subject to any tax or legal considerations and
               shall cause the proceeds therefrom, to the extent sufficient
               therefor, to be applied or distributed in the following order and
               priority:

                     (a) to the payment of the debts and liabilities of the
               Partnership and to the expenses of liquidation in the order of
               priority as provided by law, and to the establishment of any
               reserves which the Executive Committee deems necessary for any
               contingent or unforeseen liabilities or obligations of the
               Partnership; then to

                     (b) the repayment of any liabilities or debts, other than
               Capital Accounts, of the Partnership to any of the Partners; then
               to

                     (c) each Partner in proportion to and to the extent of its
               positive Capital Account balances after the Capital Accounts of
               the Partners have been adjusted for the allocation of net profits
               and net loss under Section 9 and other adjustments as may be
               required under Code regulation 1.704-1(b)(2)(iv); then to

                     (d) the Partners in proportion to their Interests in the
               Partnership.

          (i)  Section 20.6 of the Partnership Agreement is hereby amended by
deleting the reference to "Sections 20.3 and 20.4" in the existing Section 20.6
and inserting a reference to "Section 20.5" in lieu thereof.

          (j)  Paragraph (b) of Section 25.2 of the Partnership Agreement is
hereby amended by deleting the existing paragraph (b) in its entirety and
inserting the following in lieu thereof:

                                       4

<PAGE>

                     (b)  If to Ventures:

                          Coca-Cola Bottling Co. Consolidated
                          Coca-Cola Corporate Center
                          4100 Coca-Cola Plaza (28211-3481)
                          P.O. Box 31487
                          Charlotte, North Carolina  28231-1487
                          Attention: Chief Financial Officer
                          Telecopy No.: (704) 557-4451

                          with a copy to:

                          Kennedy Covington Lobdell & Hickman, L.L.P.
                          Bank of America Corporate Center
                          100 North Tryon Street, 42nd Floor
                          Charlotte, North Carolina 28202-4006
                          Attention: Henry W. Flint, Esq.
                          Telecopy No.: (704) 331-7598

          4.   Amendments to Management Agreement.
               ----------------------------------

               (a)   Paragraph (a) of Section 15.01 of the Management Agreement
is hereby amended by deleting the existing paragraph (a) in its entirety and
inserting the following in lieu thereof:

                     (a)  If to Partnership:

                          Coca-Cola Bottling Co. Consolidated
                          Coca-Cola Corporate Center
                          4100 Coca-Cola Plaza (28211-3481)
                          P.O. Box 31487
                          Charlotte, North Carolina 28231-1487
                          Attention: Chief Financial Officer
                          Telecopy No.: (704) 557-4451

                          With a copy to the addresses listed in (b) below.

               (b)   Paragraph (c) of Section 15.01 of the Management Agreement
is hereby amended by deleting the existing paragraph (c) in its entirety and
inserting the following in lieu thereof:

                     (c)  If to Manager or Ventures:

                          Coca-Cola Bottling Co. Consolidated
                          Coca-Cola Corporate Center
                          4100 Coca-Cola Plaza (28211-3481)
                          P.O. Box 31487

                                       5

<PAGE>

                          Charlotte, North Carolina  28231-1487
                          Attention: Chief Financial Officer
                          Telecopy No.: (704) 557-4451

                          with a copy to:

                          Kennedy Covington Lobdell & Hickman, L.L.P.
                          Bank of America Corporate Center
                          100 North Tryon Street, 42nd Floor
                          Charlotte, North Carolina 28202-4006
                          Attention: Henry W. Flint, Esq.
                          Telecopy No.: (704) 331-7598

          5.   Amendments to DAA Agreement.
               ---------------------------

               (a)   Section 1.1 of the DAA Agreement is hereby amended by
deleting the existing definition of "Harrison Change of Control" in its entirety
and inserting the following in lieu thereof:

                     A "Harrison Change of Control" shall be deemed to have
                     occurred if (i) J. Frank Harrison, Jr., the executors
                     and/or trustees under his will, J. Frank Harrison, III,
                     and/or any family limited partnerships, limited liability
                     companies and/or corporations owned and controlled directly
                     or indirectly by such persons do not collectively own all
                     of the 712,796 shares of Class B Common Stock of CCBCC
                     owned by J. Frank Harrison, , Jr. as of the date of the DAA
                     Agreement, or (ii) the trusts which are parties to that
                     certain Shareholder's Agreement dated as of December 13,
                     1988 among KO, J. Frank Harrison, Jr., J. Frank Harrison,
                     III and such trusts, together with any family limited
                     partnerships, limited liability companies and/or
                     corporations owned directly or indirectly by the trusts
                     and/or beneficiaries of such trusts, hold less than fifty
                     percent (50%) of the shares of Class B Common Stock of
                     CCBCC held by them, in the aggregate, as of January 27,
                     1989. For purposes of this definition, "own" means right to
                     control and not necessarily beneficial ownership.

               (b)   Section 7.8 of the DAA Agreement is hereby amended by
deleting the addresses for CCBCC, Ventures, Fayetteville and Palmetto set forth
in the existing Section 7.8 in their entirety and inserting the following in
lieu thereof:

                     If to CCBCC or Ventures to:

                     Coca-Cola Bottling Co. Consolidated
                     Coca-Cola Corporate Center
                     4100 Coca-Cola Plaza (28211-3481)
                     P.O. Box 31487

                                       6

<PAGE>

                     Charlotte, North Carolina 28231-1487
                     Attention: Chief Financial Officer
                     Telecopy No.: (704) 557-4451

                     with a copy to:

                     Kennedy Covington Lobdell & Hickman, L.L.P.
                     Bank of America Corporate Center
                     100 North Tryon Street, 42nd Floor
                     Charlotte, North Carolina  28202-4006
                     Attention: Henry W. Flint, Esq.
                     Telecopy No.: (704) 331-7598

          6.   Effect of the Amendment. Except for the amendments contemplated
               -----------------------
hereby, the Partnership Agreement, the Management Agreement and the DAA
Agreement shall be and remain in full force and effect. The amendments granted
herein are specific and limited and shall not constitute a modification,
acceptance or waiver of any other provision of the Partnership Agreement, the
Management Agreement, the DAA Agreement or any other document or instrument
entered into in connection therewith or a further modification, acceptance or
waiver of the provisions set forth therein.

          7.   Captions. The captions and section numbers appearing in this
               --------
Amendment are inserted only as a matter of convenience and in no way define,
limit, construe or otherwise describe the scope or intent of the sections of
this Amendment.

          8.   Binding Effect. This Amendment shall inure to the benefit of and
               --------------
be binding upon the parties hereto and their successors and permitted assigns.

          9.   Severability. If any one or more provisions of this Amendment
               ------------
shall be invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall
not in any way be affected or impaired; provided, however, that in such case the
parties hereto agree to use their best efforts to achieve the purpose of the
invalid provision by a new legally valid provision.

          10.  Counterparts. This Amendment may be executed in separate
               ------------
counterparts, each of which when executed and delivered is an original but all
of which taken together constitute one and the same instrument.

          11.  Fax Transmission. A facsimile, telecopy or other reproduction of
               ----------------
this Amendment may be executed by one or more parties hereto, and an executed
copy of this Amendment may be delivered by one or more parties hereto by
facsimile or similar instantaneously electronic transmission devise pursuant to
which the signature of or on behalf of such party can be seen, and such
execution and delivery shall be considered valid, binding and effective for all
purposes. At the request of any party hereto, all parties hereto agree to
execute an original of this Amendment as well as any facsimile, telecopy or
other reproduction hereof.

                             *    *    *    *    *

                                        7

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed as of the date and year first above written.

                                 PIEDMONT COCA-COLA BOTTLING PARTNERSHIP

                                 By:  PIEDMONT PARTNERSHIP HOLDING COMPANY, its
                                      General Partner

                                      By:_______________________________________
                                           Gary P. Fayard
                                           President

                                 By:  COCA-COLA VENTURES, INC., its General
                                      Partner

                                      By:_______________________________________
                                           David V. Singer
                                           Vice President

                                 CCBC OF WILMINGTON, INC.

                                 By:____________________________________________
                                           David V. Singer
                                           Vice President

                                 THE COCA-COLA COMPANY

                                 By:____________________________________________
                                           Gary P. Fayard
                                           Senior Vice President and Chief
                                           Financial Officer

                                 PIEDMONT PARTNERSHIP HOLDING COMPANY

                                 By:____________________________________________
                                           Gary P. Fayard
                                           President

<PAGE>

                           [Signature Pages Continue]

                                 COCA-COLA BOTTLING CO. CONSOLIDATED

                                 By:____________________________________________
                                           David V. Singer
                                           Vice President

                                 COCA-COLA VENTURES, INC.

                                 By:____________________________________________
                                           David V. Singer
                                           Vice President

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