Document:

12012000 Warrant Sharma

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

 

WARRANT TO PURCHASE

SHARES OF COMMON STOCK

OF

CENTURA SOFTWARE CORPORATION

Expires February 9, 20050

No. W-__Redwood Shores, California

February 9, 2000

 

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

Prateek Sharma

or its registered assigns is entitled to subscribe for and
purchase, during the period specified in this Warrant, up to 1,690 shares
(subject to adjustment as hereinafter provided) of the duly authorized, validly
issued, fully paid and non-assessable common stock, par value $0.01 per share,
of the Issuer (the "Common Stock"), at an exercise price per share equal to the
Warrant Price then in effect, subject, however, to the provisions and upon the
terms and conditions hereinafter set forth. Capitalized terms used in this
Warrant and not otherwise defined herein shall have the respective meanings
specified in Section 7 hereof.

1.Term. The right to subscribe for and purchase
shares of Warrant Stock represented hereby shall commence on the date of
issuance of this Warrant and shall expire at 5:00 p.m., Pacific Standard time,
on February 9, 2005 (such period being the "Term"). Prior to the end of the
Term, the Issuer will not take any action which would terminate the
Warrants.

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

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

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

	
X = 
	
Y(A-B)

A

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

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

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

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

or (iii) by a combination of the foregoing methods of payment
selected by the Holder of this Warrant. In any case where the consideration
payable upon such exercise is being paid in whole or in part pursuant to the
provisions of clause (ii) of this subsection (b), such exercise shall be
accompanied by written notice from the Holder of this Warrant specifying the
manner of payment thereof and containing a calculation showing the number of
shares of Warrant Stock with respect to which rights are being surrendered
thereunder and the net number of shares to be issued after giving effect to such
surrender. Notwithstanding any other provision or definition contained in this
Warrant, each exercise of this Warrant shall be deemed to have been effected on
the day immediately prior to the close of business on the day on which the
Holder faxes a Notice of Exercise to the Issuer. For the avoidance of doubt, for
illustration purposes, and by way of example only, if the Holder faxes a Notice
of Exercise to the Issuer on Thursday, February 24th, then the Per
Share Market Value shall be the closing price per share of the Common Stock on
Wednesday, February 23rd. 

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

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

(e)Transfer of Warrant.. This Warrant and all
rights hereunder are freely transferable, in whole or in part, without
restriction, upon surrender of this Warrant with a properly executed assignment
at the principal offices of the Issuer. Upon any registration of transfer, the
Issuer shall deliver a new Warrant or Warrants to the persons entitled thereto.
The Warrants may be exchanged at the option of the Holder thereof for another
Warrant, or other Warrants, of different denominations, of like tenor and
representing in the aggregate the right to purchase a like number of shares of
Common Stock upon surrender to the Issuer or its duly authorized agent.
Notwithstanding the foregoing, the Issuer shall have no obligation to cause
Warrants to be transferred on its books to any person if such transfer would
violate the Securities Act.

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

(ii)Except as provided in paragraph (iii) below, this
Warrant and all certificates representing shares of Warrant Stock issued upon
exercise hereof shall be stamped or imprinted with a legend in substantially the
following form:
THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

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

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

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

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

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

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

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

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

(f)Rights and Obligations under the Registration
Rights Agreement. This Warrant and the Warrant Stock are entitled to the
benefits and subject to the terms of the Registration Rights Agreement dated as
of December 30, 1999 between the Issuer and the Holders listed on the signature
pages thereof (as amended from time to time, the "Registration Rights
Agreement"), notwithstanding the fact that the Holder of this Warrant was not or
may not be a signatory to the Registration Rights Agreement; provided, however,
that solely for the purpose of this Warrant, the Registration Rights Agreement
shall be deemed dated as of the date hereof. The Issuer shall keep or cause to
be kept a copy of the Registration Rights Agreement, and any amendments thereto,
at its chief executive office and shall furnish, without charge, copies thereof
to the Holder upon request. The Registration Rights Agreement is hereby
incorporated by reference as though set forth in full herein and the Holder of
this Warrant shall be entitled to all the benefits of the Registration Rights
Agreement as though such Holder were a party thereto. For the avoidance of
doubt, it is the Issuer's intention to register for resale the Common Stock
underlying this Warrant, on behalf of the Holder, as soon as practicable after
the date hereof. To the extent that the Issuer is precluded from including the
Holder's Warrant Stock in the registration statement referred to in the
Registration Rights Agreement, the Issuer shall file a separate registration
statement on behalf of the Holder as soon as practicable after the date hereof
and the Registration Rights Agreement shall otherwise remain fully applicable to
this Warrant. 

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

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

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

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

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

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

(d)Issuance of Additional Shares of Common Stock.
If the Issuer, at any time while this Warrant is outstanding but prior to thirty
(30) months after the date hereof, shall issue any Additional Shares of Common
Stock (otherwise than as provided in the foregoing subsections (a) through (c)
of this Section 4), at a price per share less than the Warrant Price then in
effect or less than the Per Share Market Value then in effect or without
consideration, then the Warrant Price upon each such issuance shall be adjusted
to that price (rounded to the nearest cent) determined by multiplying the
Warrant Price then in effect by a fraction:
(i)the numerator of which shall be equal to the sum of
(A) the number of shares of Common Stock outstanding immediately prior to the
issuance of such Additional Shares of Common Stock plus (B) the number of shares
of Common Stock (rounded to the nearest whole share) which the aggregate
consideration for the total number of such Additional Shares of Common Stock so
issued would purchase at a price per share equal to the greater of the Per Share
Market Value then in effect and the Warrant Price then in effect, and

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

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

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

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

(g)Other Provisions Applicable to Adjustments Under
this Section 4. The following provisions shall be applicable to the making
of adjustments in the Warrant Price hereinbefore provided in Section 4:
(i)Computation of Consideration. The consideration
received by the Issuer shall be deemed to be the following: to the extent that
any Additional Shares of Common Stock or any Common Stock Equivalents shall be
issued for a cash consideration, the consideration received by the Issuer
therefor, or if such Additional Shares of Common Stock or Common Stock
Equivalents are offered by the Issuer for subscription, the subscription price,
or, if such Additional Shares of Common Stock or Common Stock Equivalents are
sold to underwriters or dealers for public offering without a subscription
offering, the public offering price, in any such case excluding any amounts paid
or receivable for accrued interest or accrued dividends and without deduction of
any compensation, discounts, commissions, or expenses paid or incurred by the
Issuer for or in connection with the underwriting thereof or otherwise in
connection with the issue thereof; to the extent that such issuance shall be for
a consideration other than cash, then, except as herein otherwise expressly
provided, the fair market value of such consideration at the, time of such
issuance as determined in good faith by the Board. The consideration for any
Additional Shares of Common Stock issuable pursuant to any Common Stock
Equivalents shall be the consideration received by the Issuer for issuing such
Common Stock Equivalents, plus the additional consideration payable to the
Issuer upon the exercise, conversion or exchange of such Common Stock
Equivalents. In case of the issuance at any time of any Additional Shares of
Common Stock or Common Stock Equivalents in payment or satisfaction of any
dividend upon any class of Capital Stock of the Issuer other than Common Stock,
the Issuer shall be deemed to have received for such Additional Shares of Common
Stock or Common Stock Equivalents a consideration equal to the amount of such
dividend so paid or satisfied. In any case in which the consideration to be
received or paid shall be other than cash, the Board shall notify the Holder of
this Warrant of its determination of the fair market value of such consideration
prior to payment or accepting receipt thereof. If, within thirty days after
receipt of said notice, the Majority Holders shall notify the Board in writing
of their objection to such determination, a determination of the fair market
value of such consideration shall be made by an Independent Appraiser selected
by the Majority Holders with the approval of the Board (which approval shall not
be unreasonably withheld), whose fees and expenses shall be paid by the
Issuer.

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

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

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

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

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

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

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

7.Definitions. For the purposes of this Warrant,
the following terms have the following meanings:
"Additional Shares of Common Stock" means all shares of
Common Stock issued by the Issuer after the Original Issue Date, and all shares
of Other Common, if any, issued by the Issuer after the Original Issue Date,
except (i) Warrant Stock and (ii) any shares of Common Stock issuable upon
conversion of the Preferred Stock pursuant to the Preferred Stock Certificate of
Designation.

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

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

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

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

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

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

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

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

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

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

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

"Original Issue Date" means February 9, 2000.

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

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

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

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

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

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

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

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

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

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

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

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

"Warrants" means the Warrants issued and sold pursuant to the
Subscription Agreement, dated December 30, 1999 (or the Warrants issued to the
placement agent in connection therewith) (such parenthetical to be hereby
inserted into such placement agent's warrant as of the date such warrant was
issued) including, without limitation, this Warrant, and any other warrants of
like tenor issued in substitution or exchange for any thereof pursuant to the
provisions of Section 2(c), 2(d) or 2(e) hereof or of any of such other
Warrants.

"Warrant Price" means $7.9875 as such price may be adjusted
from time to time as shall result from the adjustments specified in Section 4
hereof.

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

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

8.Other Notices. In case at any time:
(A)the Issuer shall make any distributions to the holders
of Common Stock; or

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

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

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

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

 

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

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

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

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

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

Centura Software Corporation

975 Island Drive

Redwood Shores, CA 94065

Attention: Chief Financial Officer

Facsimile No.: (650) 596-4334

or to such other address or addresses or facsimile number or
numbers as any such party may most recently have designated in writing to the
other parties hereto by such notice. Copies of notices to the Holder shall be
sent to Prateek Sharma, c/o Rochon Capital Group, Ltd., 76 San Pablo Avenue,
Suite 200, San Rafael, CA 94903, facsimile no.: (415)-256-1214. Copies of
notices to the Issuer shall be sent to Orrick, Herrington & Sutcliffe LLP,
Old Federal Reserve Bank Building, 400 Sansome Street, San Francisco, California
94111, Attention: Richard Grey, facsimile no.: (415) 773-5759.

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

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

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

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

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

 

 

 

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

CENTURA SOFTWARE CORPORATION

 

By: /s/ Richard Lucien

Name: Richard Lucien 
Title: Senior Vice President and Chief Financial Officer 

NOTICE OF EXERCISE

(To be signed only upon exercise of Warrant)

 

To CENTURA SOFTWARE CORPORATION:

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

 

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

holder as specified on the face of the Warrant)

 

__________________________________________

(Address)

ASSIGNMENT

(To be signed only upon transfer of Warrant)

 

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

 

	
Name of Assignee
	
Address
	
No. of Shares

	
 
	
 
	
 

	
 
	
 
	
 

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

 

__________________________________________(Address)

 

Signed in the presence of:

 

________________________________ALLIANT ENERGY CORPORATION

                    DEFERRED COMPENSATION PLAN FOR DIRECTORS

               (As Amended and Restated Effective January 1, 2000)

                                                                   November 2000

<PAGE>

                                Table of Contents
                                -----------------
                                                                            Page
                                                                            ----

Article 1 BACKGROUND..........................................................1

Article 2 DEFINITIONS.........................................................1
        2.1      Account......................................................1
        2.2      Affiliate....................................................1
        2.3      Beneficiary..................................................1
        2.4      Code.........................................................1
        2.5      Company......................................................1
        2.6      Company Stock................................................2
        2.7      Compensation.................................................2
        2.8      Deferred Compensation........................................2
        2.9      Effective Date...............................................2
        2.10     Eligible Director............................................2
        2.11     Participant..................................................2
        2.12     Plan.........................................................2
        2.13     Plan Year....................................................2
        2.14     Plan Administrator...........................................2
        2.15     Retirement...................................................2
        2.16     Share Value..................................................2
        2.17     Termination of Directorship..................................2
        2.18     Unforeseeable Emergency......................................3

Article 3 ADMINISTRATION......................................................3
        3.1      Powers and Duties............................................3
        3.2      Delegation...................................................3

Article 4 DEFERRED COMPENSATION...............................................3
        4.1      Participant Deferrals........................................3
        4.2      Deferred Compensation Accounts...............................4

Article 5 PAYMENT OF DEFERRED COMPENSATION....................................6
        5.1      Payment of Deferred Compensation.............................6
        5.2      Commencement of Payments.....................................6
        5.3      Method of Payment............................................6
        5.4      Amount of Payments...........................................6
        5.5      Form of Payments.............................................7
        5.6      Participant Elections........................................7
        5.7      Emergency Payments...........................................7
        5.8      Tax Payments.................................................8
        5.9      Facility of Payment..........................................8
        5.10     Restrictions on Payments.....................................8

                                      -i-
<PAGE>

Article 6 CLAIMS PROCEDURE....................................................9
        6.1      Decisions on Claims..........................................9
        6.2      Review of Denied Claims......................................9

Article 7 FUNDING.............................................................9

Article 8 AMENDMENT AND TERMINATION...........................................9

Article 9 GENERAL PROVISIONS.................................................10
        9.1      Status of Participants......................................10
        9.2      No Guaranty of Directorship.................................10
        9.3      Delegation of Authority.....................................10
        9.4      Legal Actions...............................................10
        9.5      Applicable Law..............................................10
        9.6      Rules of Construction.......................................10
        9.7      Expenses of Administration..................................10
        9.8      Indemnification.............................................11

                                      -ii-
<PAGE>

                                   ARTICLE 1

                                   BACKGROUND
                                   ----------

Alliant Energy (the "Company") has heretofore adopted a deferred compensation
plan (the "Plan") to allow its Directors to defer payment of part or all of
their current compensation. The Company now wishes to revise the Plan in certain
respects and, having reserved to itself the power to amend the Plan, it hereby
amends and restates the Plan as follows.

                                   ARTICLE 2

                                   DEFINITIONS
                                   -----------

When the following words or phrases are used herein, they shall have the
meanings set forth below unless otherwise specifically provided:

     2.1 Account. An account which has been established for a Participant
pursuant to Section 4.2. Each such account shall include one or more of the
following sub-accounts:

          (a) Company Stock Account. The account established to record a
     Participant's deferred Stock Compensation, and the deferred Cash
     Compensation which a Participant has elected to allocate to a Company Stock
     Account pursuant to Section 4.2(c).

          (b) Interest Account. The account established to record the deferred
     Cash Compensation which a Participant has elected to allocate to an
     Interest Account pursuant to Section 4.2(c).

Separate Accounts (and sub-accounts) shall be maintained for the portion of a
Participant's Deferred Compensation (if any) that is distributable in a lump
sum, and for the portion of a Participant's Deferred Compensation (if any) that
is distributable in installments. Separate Accounts (and sub-accounts) shall
also be maintained for each portion of a Participant's Deferred Compensation
that is distributable at a different time.

     2.2 Affiliate. A business organization that is under common control with
the Company, as determined under Section 414(c) of the Code.

     2.3 Beneficiary. The person or persons (including a trustee or trustees)
designated as a Participant's Beneficiary in the last written instrument signed
by the Participant for the purposes of this Plan and received by the Plan
Administrator prior to the Participant's death. If no such person has been
designated, the Participant's Beneficiary shall be the Participant's surviving
spouse, if any, otherwise the Participant's estate.

     2.4 Code. The Internal Revenue Code of 1986, as from time to time amended.

     2.5 Company. Alliant Energy Corporation, and any successor or successors
thereto.

                                      -1-
<PAGE>

     2.6 Company Stock. The Common Stock, $.01 par value, of the Company, as
such stock may be reclassified, converted, or exchanged by reorganization,
merger, or otherwise.

     2.7 Compensation. The annual retainer payable to an Eligible Director for
his or her services as a member of the Company's Board of Directors. An Eligible
Director's Compensation shall include the Director's:

          (a) Cash Compensation, being that portion of the Director's annual
     retainer that is payable in cash; and

          (b) Stock Compensation, being that portion of the Director's annual
     retainer that is payable in shares of Company Stock.

     2.8 Deferred Compensation. The balance from time to time credited to a
Participant's Accounts.

     2.9 Effective Date. The Plan's original Effective Date was June 27, 1990.
The provisions of this amended and restated Plan are effective as of January 1,
2000.

     2.10 Eligible Director. Any individual who is a member of the Company's
Board of Directors on the first day of a Plan Year, and who is not an employee
of the Company.

     2.11 Participant. An Eligible Director for whom an Account has been
established pursuant to Section 4.2.

     2.12 Plan. The Alliant Energy Corporation Deferred Compensation Plan for
Directors, as set forth herein, and as from time to time amended.

     2.13 Plan Year. The 12 consecutive month period ending on each December 31.

     2.14 Plan Administrator. The Nominating and Governance Committee of the
Board of Directors of the Company.

     2.15 Retirement. Termination of Directorship at or after age 70.

     2.16 Share Value. The price at which a share of Company Stock is deemed to
have been purchased for a Participant's Account pursuant to Section 4.2(d). If
shares of Company Stock are actually purchased on any date for the purposes of
the Plan, and if such purchases are made in the open market or in privately
negotiated transactions, the Share Value on such date will be the average
weighted price of all of the shares that are purchased for the Plan on such
date. In all other cases, Share Value will be the average (computed to four
decimal points) of the high and low sales prices of shares of Company Stock as
reported for the applicable date on the New York Stock Exchange Composite
Transaction Tape.

     2.17 Termination of Directorship. Termination of a Participant's membership
on the Board of Directors of the Company for any reason.

                                      -2-
<PAGE>

     2.18 Unforeseeable Emergency. A severe financial hardship to a Participant
resulting from a sudden and unexpected illness or accident of the Participant or
a dependent (as defined in Section 152(a) of the Code) of the Participant, loss
of the Participant's property due to casualty, or a similar extraordinary and
unforeseeable circumstance arising as a result of events beyond the control of
the Participant.

                                   ARTICLE 3

                                 ADMINISTRATION
                                 --------------

     3.1 Powers and Duties. Full power and authority to construe, interpret, and
administer this Plan is vested in the Plan Administrator. In particular, the
Plan Administrator shall make each determination provided for in this Plan and
may adopt such rules, regulations, and procedures as it deems necessary or
desirable to the efficient administration of the Plan. The Plan Administrator's
determinations need not be uniform, and may be made by it selectively among
persons who may be eligible to participate in the Plan. The Plan Administrator
shall have sole and exclusive discretion in the exercise of its powers and
duties hereunder, and all determinations made by the Plan Administrator shall be
final, conclusive, and binding unless they are found by a court of competent
jurisdiction to have been arbitrary and capricious.

     3.2 Delegation. The Plan Administrator may delegate part or all of its
duties to any person or persons, and may from time to time revoke such authority
and delegate it to another person or persons. Each such delegation to a person
who is not an employee or Director of the Company or an Affiliate will be in
writing, and a copy will be furnished to the person to whom the duty is
delegated, who will file a written acceptance with the Plan Administrator. Any
delegate's duty will terminate upon revocation of such authority by the Plan
Administrator, upon withdrawal of such person's acceptance or, in the case of a
delegate who is an employee or Director of the Company or an Affiliate, upon the
termination of such employment or directorship. Any person to whom
administrative duties are delegated may, unless the delegation provides
otherwise, similarly delegate part or all of such duties to another person.

                                   ARTICLE 4

                              DEFERRED COMPENSATION
                              ---------------------

     4.1 Participant Deferrals. An Eligible Director may elect to defer up to
100% of his or her Compensation for any Plan Year. An election to defer
Compensation shall be made in writing prior to the first day of the Plan Year to
which it will apply or, if later, within 30 days after the Eligible Director is
first notified by the Plan Administrator of his or her eligibility to
participate in the Plan, and it shall be subject to the following requirements:

          (a) Amounts deferred from a Participant's Compensation shall reduce
     the Participant's Compensation for the Plan Year (or portion thereof) to
     which the election applies.

                                      -3-
<PAGE>

          (b) The election shall be irrevocable with respect to all Compensation
     payable for services performed by the Participant during the Plan Year
     following the date on which the election is received by the Plan
     Administrator, except that a Participant may terminate an election to defer
     Compensation if the Plan Administrator determines that the termination is
     necessary as a result of an Unforeseeable Emergency.

     4.2 Deferred Compensation Accounts. The Plan Administrator shall establish
one or more Accounts in the name of each Participant to record the Deferred
Compensation payable to the Participant. Such Accounts shall be for bookkeeping
purposes only, and shall not be deemed to create a fund or trust for the benefit
of the Participant. Each Participant's Accounts shall be established,
maintained, and periodically adjusted as follows:

          (a) Credits. Amounts deferred by a Participant pursuant to Section 4.1
     shall be credited to the Participant's Account as of the dates on which
     they are applied to reduce the Participant's Compensation.

          (b) Charges. The Plan Administrator shall charge to the Participant's
     Account the amount of any payments made to or on behalf of the Participant
     as of the dates on which such payments are made.

          (c) Participant Elections. When a Participant elects to defer Cash
     Compensation pursuant to Section 4.1, the Participant may elect to have the
     deferred Compensation credited to a Company Stock Account or to an Interest
     Account, in such proportions as the Participant shall elect. Each such
     election shall be due by the due date for the election under Section 4.1,
     and it shall apply to all deferred Cash Compensation for the Plan Year to
     which the election under Section 4.1 applies. If a Participant fails to
     make an election for any Plan Year, the election that was in effect for the
     previous Plan Year shall remain in effect for the current Plan Year. If no
     election was in effect for the previous Plan Year, the Participant's
     deferred Cash Compensation will be allocated to the Interest Account. A
     Participant's elections pursuant to this paragraph shall be irrevocable
     until Retirement. Except as provided herein, Deferred Compensation that has
     been allocated to a Company Stock Account may not thereafter be transferred
     to an Interest Account, and Deferred Compensation that has been allocated
     to an Interest Account may not thereafter be transferred to a Company Stock
     Account. The sole exception is that upon Retirement, a Participant
     receiving installment payments with respect to an Account may elect, by
     advance notice to the Plan Administrator, to transfer the Account's
     interest in the Company Stock Account to the Interest Account upon
     Retirement or as of any subsequent December 31.

          (d) Company Stock Account. A Participant's Company Stock Account shall
     be maintained and adjusted as follows:

               (i) All of a Participant's deferred Stock Compensation shall be
          credited to the Participant's Company Stock Account.

                                      -4-
<PAGE>

               (ii) The portion of a Participant's deferred Cash Compensation
          which is allocated to the Participant's Company Stock Account shall be
          deemed to have been invested in whole and fractional shares of Company
          Stock on a date selected by the Plan Administrator, which date shall
          be no later than ten business days following the date on which the
          deferred Compensation is credited to the Participant's Account, at a
          price equal to the Share Value on such date.

               (iii) A Participant's Company Stock Account shall be credited
          with the amount of any dividends that would have been paid to the
          Participant if the Participant had owned the shares of Company Stock
          that are credited to his or her Account when the dividends are paid.
          Amounts so credited shall be deemed to have been invested in
          additional shares of Company Stock on a date selected by the Plan
          Administrator, which date shall be no later than ten business days
          following the date on which the dividends are credited to the
          Participant's Account, at a price equal to the Share Value on such
          date.

               (iv) A Participant's Company Stock Account shall be equitably
          adjusted to reflect any change in the outstanding Company Stock by
          reason of any stock dividend, stock split, recapitalization, merger,
          consolidation, combination or exchange of shares, or any similar
          corporate change.

               (v) The balance credited to a Participant's Company Stock Account
          as of any date shall be the number of whole and fractional shares of
          Company Stock that are deemed to be held by the Participant's Account
          on such date.

          (e) Interest Account. On the last day of each Plan Year, the average
     of the balances credited to the Participant's Interest Account on the last
     day of each month during the Plan Year (with each such month's balance
     being reduced prior to the calculation of such average to reflect any
     distribution and partial year interest accrual credited during the Plan
     Year), shall be credited with interest at a rate which is equal to the
     greater of:

               (i) the "Prime Rate" as reported in The Wall Street Journal on
          the first business day of the Plan Year; or

               (ii) the A-Utility Bond Rate Yield (as reported in the Federal
          Reserve statistical release H.15) using the average of the rates
          reported for the last Friday of each month for the applicable Plan
          Year;

provided, that in no event shall the rate of interest credited for any Plan Year
be greater than 12% or less than 6%. In the event that a payment is made from
the Interest Account at any time during a Plan Year, a partial year interest
accrual shall be made to the Interest Account as of the date of such payment. If
such payment is made during January or February of a Plan Year, the interest
rate for the partial year interest accrual shall be the rate credited for the
preceding Plan Year, adjusted for the number of days during the year prior to
the date of payment. If such payment is made from March through December, the
interest rate for the

                                      -5-
<PAGE>

partial year interest accrual shall be calculated in the same fashion as the
rate for the current Plan Year, with the exceptions that only the A-Utility Bond
Rate yields for the completed months during the Plan Year shall be considered
and the rate shall be adjusted for the number of days during the year prior to
the date of payment. The balance credited to a Participant's Interest Account as
of any date shall be the accumulated deferred Cash Compensation and interest
that are credited to such Account as of such date.

                                   ARTICLE 5

                        PAYMENT OF DEFERRED COMPENSATION
                        --------------------------------

     5.1 Payment of Deferred Compensation. In the event of a payment for a
reason other than the Participant's death, the applicable benefit shall be paid
to the Participant. In the event of a Participant's death, the applicable
benefit shall be paid to the Participant's Beneficiary.

     5.2 Commencement of Payments. Payment of a Participant's Deferred
Compensation shall commence as follows:

          (a) Deferrals to a Specific Year. If a Participant has elected
     pursuant to Section 5.6 to receive payment of his or her deferrals for any
     Plan Year in a specific year, payment of the Participant's Deferred
     Compensation that is attributable to such Plan Year shall commence: (i)
     during the first 31 days of the year elected by the Participant; or (ii)
     within 60 days after the last day of the Plan Year in which the
     Participant's Termination of Directorship occurs; whichever is earlier.

          (b) Deferrals to Termination of Directorship. If a Participant has
     elected pursuant to Section 5.6 to receive payment of his or her deferrals
     for any Plan Year following the Participant's Termination of Directorship,
     payment of the Participant's Deferred Compensation that is attributable to
     such Plan Year shall commence within 60 days after the date of the
     Participant's Termination of Directorship or within 60 days after the last
     day of the Plan Year in which the Participant's Termination of Directorship
     occurs, as elected by the Participant pursuant to Section 5.6.

Notwithstanding the foregoing, if a Participant's Termination of Directorship
occurs by reason of the Participant's death, payment will commence within 60
days after the date the Participant's Beneficiary has been identified.

     5.3 Method of Payment. Payments of a Participant's Deferred Compensation
shall be made in a lump sum or in up to ten annual installments, as elected by
the Participant pursuant to Section 5.6; provided, that all payments due by
reason of a Participant's death shall be made in a lump sum.

     5.4 Amount of Payments. The amount of a lump sum payment shall be equal to
the balance credited to the Participant's Account as of the date of the payment,
adjusted for any partial year interest accrual credited pursuant to Section
4.2(e) for the portion of such payment from the Participant's Interest Account.
The amount of an installment payment shall be equal

                                      -6-
<PAGE>

to the balance credited to the Participant's Account as of the date of the
payment, divided by the number of installments (including the current
installment) remaining to be paid, plus any partial year interest accrual
credited pursuant to Section 4.2(e) for the portion of such payment from the
Participant's Interest Account. The first annual installment will be paid on the
date as of which payment of the Participant's Deferred Compensation is scheduled
to commence. Each annual installment after the first shall be paid within 31
days after the last day of the calendar year in which the previous installment
was paid.

     5.5 Form of Payments. Payments that are due from a Participant's Company
Stock Account shall be made in whole shares of Company Stock, plus cash in an
amount equal to the Share Value of any fractional shares. Payments that are due
from a Participant's Interest Account shall be made in cash.

     5.6 Participant Elections. Subject to the foregoing provisions of this
Article 5, when a Participant elects to defer Compensation pursuant to Section
4.1, the Participant may also elect:

          (a) the calendar year in which payment of such Deferred Compensation
     will commence, which calendar year shall be subsequent to the Plan Year
     next following the Plan Year to which the election applies; or

          (b) to have payment of such Deferred Compensation commence within 60
     days following the Participant's Termination of Directorship; or

          (c) to have payment of such Deferred Compensation commence within 60
     days following the last day of the calendar year of the Participant's
     Termination of Directorship; and

          (d) to receive payment of such Deferred Compensation in a lump sum or
     in up to ten annual installments.

Each such election shall be due by the due date for the election under Section
4.1, and it shall apply to all Deferred Compensation that is attributable to the
Plan Year to which the election under Section 4.1 applies. If a Participant
fails to make an election for any Plan Year, the election that was in effect for
the previous Plan Year shall remain in effect for the current Plan Year. If no
election was in effect for the previous Plan Year, Deferred Compensation that is
attributable to the current Plan Year will be distributed in a lump sum within
60 days following the Participant's Termination of Directorship.

     5.7 Emergency Payments. In the event of an Unforeseeable Emergency, the
Plan Administrator may direct the payment of any part or all of a Participant's
Deferred Compensation to the Participant prior to the time provided in Section
5.2, to the extent necessary to prevent severe financial hardship. Such action
shall be taken only if the Participant submits a written application describing
the circumstances which are deemed to justify the payment and the amount
necessary to prevent severe financial hardship, together with such supporting
evidence as the Plan Administrator may reasonably require. Payments

                                      -7-
<PAGE>

shall not be made under this section to the extent the Participant's hardship is
or may be relieved:

          (a) through reimbursement or compensation by insurance or otherwise;

          (b) by liquidation of the Participant's assets, to the extent this
     would not in itself cause severe financial hardship; or

          (c) by the termination of the Participant's election to defer
     Compensation.

     5.8 Tax Payments. If there is a final determination that a Participant or
Beneficiary should be subject to income tax on part or all of the Participant's
Deferred Compensation before it is actually paid, the Company shall pay to the
Participant or Beneficiary the portion of the Participant's Deferred
Compensation that has been determined to be currently taxable. For the purposes
of this section, a "final determination" means a determination by the Internal
Revenue Service or a court of competent jurisdiction from which no further
appeal may be taken, either because there is no further appeal available or
because the time to take such appeal has expired.

     5.9 Facility of Payment. The Company may make payments due to a legally
incompetent person in such of the following ways as the Plan Administrator shall
determine:

          (a) directly to such person;

          (b) to the legal representative of such person; or

          (c) to a near relative of such person to be used for the person's
     benefit.

Any payment made in accordance with the provisions of this section shall be a
complete discharge of the Company's liability for the making of such payment.

     5.10 Restrictions on Payments. Notwithstanding anything herein to the
contrary, the Plan Administrator may postpone the issuance and delivery of
shares of Company Stock to a Participant until the requirements of any
securities exchange or system on which shares of Company Stock have been listed
have been complied with, until any required registration or other qualification
of such shares under applicable provisions of any State or Federal securities
laws, rules or regulations has been completed, or until the requirements of any
exemption from registration or other qualification have been satisfied. The Plan
Administrator may restrict the transferability of any shares of Company Stock
that are distributed pursuant to the Plan, legend any certificate evidencing any
such shares, and place a stop transfer order in respect of such shares, to the
extent it reasonably determines that such action is necessary to ensure
compliance with any applicable securities or exchange law, regulation, or other
requirement.

                                      -8-
<PAGE>

                                   ARTICLE 6

                                CLAIMS PROCEDURE
                                ----------------

     6.1 Decisions on Claims. If a claim for benefits is denied, the Plan
Administrator shall furnish to the claimant within 90 days after its receipt of
the claim (or within 180 days after such receipt if special circumstances
require an extension of time) a written notice which:

          (a) specifies the reasons for the denial;

          (b) refers to the pertinent provisions of the Plan on which the denial
     is based;

          (c) describes any additional material or information necessary for the
     perfection of the claim and explains why such material or information is
     necessary; and

          (d) explains the claim review procedures.

     6.2 Review of Denied Claims. Upon the written request of the claimant
submitted within 60 days after his or her receipt of such written notice, the
Plan Administrator shall afford the claimant a full and fair review of the
decision denying the claim and, if so requested, permit the claimant to review
any documents which are pertinent to the claim, permit the claimant to submit
issues and comments in writing, and afford the claimant an opportunity to meet
with appropriate representatives of the Plan Administrator as a part of the
review procedure. Within 60 days after its receipt of a request for review (or
within 120 days after such receipt if special circumstances, such as the need to
hold a hearing, require an extension of time) the Plan Administrator shall
notify the claimant in writing of its decision and the reasons for its decision
and shall refer the claimant to the provisions of the Plan which form the basis
for its decision.

                                   ARTICLE 7

                                    FUNDING
                                    -------

This Plan is intended to be "unfunded" for the purposes of the Code; however,
nothing herein shall prevent the Company, in its sole discretion, from
establishing a trust of the type commonly known as a "rabbi trust" to assist it
in meeting its obligations under the Plan.

                                   ARTICLE 8

                            AMENDMENT AND TERMINATION
                            -------------------------

The Nominating and Governance Committee of the Board of Directors of the Company
may amend or terminate this Plan at any time and for any reason; provided, that
no amendment or termination of the Plan shall alter a Participant's right to
receive payment of amounts previously credited to the Participant's Account.

                                      -9-
<PAGE>

                                   ARTICLE 9

                               GENERAL PROVISIONS
                               ------------------

     9.1 Status of Participants. Each Participant and Beneficiary shall be a
general unsecured creditor of the Company with respect to amounts payable
hereunder, this Plan constituting a mere promise by the Company to make benefit
payments in the future. A Participant's or Beneficiary's right to receive
payments under the Plan are not subject in any manner to anticipation,
alienation, sale, assignment, pledge, encumbrance, attachment, or garnishment by
the creditors of the Participant or the Participant's Beneficiaries.

     9.2 No Guaranty of Directorship. The establishment of this Plan shall not
give a Participant any legal or equitable right to be continued as a member of
the Board of Directors of the Company.

     9.3 Delegation of Authority. Whenever, under the terms of this Plan, the
Company is permitted or required to do or perform any act, it shall be done or
performed by the Board of Directors of the Company, by any duly authorized
committee thereof, or by any officer of the Company duly authorized by the
articles of incorporation, bylaws, or Board of Directors of the Company.

     9.4 Legal Actions. No Participant, Beneficiary, or other person having or
claiming to have an interest in this Plan shall be a necessary party to any
action or proceeding involving the Plan, and no such person shall be entitled to
any notice or process, except to the extent required by applicable law. Any
final judgment which is not appealed or appealable that may be entered in any
such action or proceeding shall be binding and conclusive on all persons having
or claiming to have any interest in this Plan.

     9.5 Applicable Law. This Plan shall be construed and interpreted in
accordance with the laws of the State of Wisconsin, except to the extent the
same are preempted by any applicable federal law.

     9.6 Rules of Construction. Wherever any words are used herein in the
masculine gender, they shall be construed as though they were also used in the
feminine gender in all cases where they would so apply, and wherever any words
are used herein in the singular form they shall be construed as though they were
also used in the plural form in all cases where they would so apply. Headings of
sections and subsections of this Plan are inserted for convenience of reference,
are not a part of this Plan, and are not to be considered in the construction
hereof. The words "hereof," "herein," "hereunder," and other similar compounds
of the word "here" shall mean and refer to the entire Plan, and not to any
particular provision or section.

     9.7 Expenses of Administration. All expenses and costs incurred in
connection with the administration or operation of the Plan shall be paid by the
Company and/or by any trust of the type described in Article 7.

                                      -10-
<PAGE>

     9.8 Indemnification. The Company shall, to the extent permitted by its
articles of incorporation and bylaws, and by the laws of the state in which it
is incorporated, indemnify any employee or Director of the Company or an
Affiliate providing services to the Plan against any and all liabilities arising
by reason of any act or omission, made in good faith pursuant to the provisions
of the Plan, including expenses reasonably incurred in the defense of any claim
relating thereto.

To record the adoption of the Plan as set forth above, the undersigned has
executed this document this ___ day of ________________, ____________, for and
on behalf of the Company.

                                      ALLIANT ENERGY CORPORATION

                                      By
                                        --------------------------------------

                                      As its
                                            ----------------------------------

ATTEST:

----------------------------------
As its
      ----------------------------

                                      -11-

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