Document:

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                                                                     EXHIBIT 4.2

                                    EXHIBIT C

                                 FORM OF WARRANT

[THE FOLLOWING PARAGRAPH SHALL APPEAR ON THE FACE OF EACH RESTRICTED WARRANT:]

THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS OR AN
APPLICABLE EXEMPTION THEREFROM.

[THE COMPANY SHALL PLACE THE FOLLOWING PARAGRAPH ON THE FACE OF EACH NOTE HELD
BY OR TRANSFERRED TO AN "AFFILIATE" (AS DEFINED IN RULE 501(B) OF REGULATION D
UNDER THE SECURITIES ACT) OF THE COMPANY:]

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE HELD BY A PERSON WHO MAY BE
DEEMED TO BE AN AFFILIATE OF THE ISSUER FOR PURPOSES OF RULE 144 PROMULGATED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY BE
SOLD ONLY IN COMPLIANCE WITH RULE 144, PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO A VALID EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT.

                                   XICOR, INC.

                        WARRANT TO PURCHASE COMMON STOCK

Warrant No.: [      ]                             Number of Shares:     [     ]
CUSIP No.:   984903 11 2                          (subject to adjustment)

Date of Issuance:  November 19, 2001

        XICOR, INC., a California corporation (the "Company"), hereby certifies
that, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, [____________], the registered holder hereof or its
permitted assigns, is entitled, subject to the terms and conditions set forth
below, to purchase from the Company upon surrender of this Warrant (as defined
below), at any time or times on or after the date hereof, but not after 5:00
p.m., Eastern Standard Time, on the Expiration Date (as defined below),
[______________] fully paid nonassessable shares of Common Stock (as defined
below) of the Company at the Exercise Price per share provided in Section 1(d)
of this Warrant, subject to adjustment as provided below. Capitalized terms used
herein but not defined shall have the same meanings assigned to them in the
Securities Purchase Agreement dated as of November 16, 2001, by and between the
Company and the parties

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listed on the Schedule of Buyers attached thereto as Exhibit A (as such
agreement may be amended, supplemented and modified from time to time as
provided in such agreement, the "Securities Purchase Agreement").

        This Warrant (as defined below) is one of a series of Warrants issued in
connection with the transactions described in that certain (i) Securities
Purchase Agreement, (ii) the Company's 5.5% Convertible Subordinated Note Due
2006 (the "Note") issued pursuant to the Securities Purchase Agreement to the
holder hereof, and (iii) certain other related documents and agreements
including, without limitation, the Transaction Documents (as defined in the
Securities Purchase Agreement). The Warrant Shares (as defined below) issued
upon exercise of this Warrant and the holder hereof and thereof shall be
entitled to all of the rights and privileges set forth in the Transaction
Documents.

SECTION 1. DEFINITIONS. The following terms as used in this Warrant shall have
the following meanings:

        (a) "Business Day" means any day other than Saturday, Sunday or other
day on which commercial banks in The City of New York are required by law to
remain closed.

        (b) "Common Stock" means (i) the common stock, no par value per share,
of the Company, and (ii) any capital stock into which such Common Stock shall
have been changed or any capital stock resulting from a reclassification of such
Common Stock.

        (c) "Convertible Securities" means any stock or securities (other than
Options) directly or indirectly convertible into or exchangeable or exercisable
for Common Stock.

        (d) "Exercise Price" shall be equal to $12.24, subject to further
adjustment as hereinafter provided.

        (e) "Expiration Date" means November 19, 2006 or, if such date does not
fall on a Business Day or on a Trading Day, then the next Business Day.

        (f) "Option" means any rights, warrants or options to subscribe for or
purchase or otherwise acquire Common Stock or Convertible Securities.

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

        (h) "Principal Market" means The Nasdaq National Market ("NASDAQ") or if
the Common Stock is not traded on NASDAQ then the principal securities exchange
or trading market for the Common Stock.

        (i) "Registration Rights Agreement" means that certain Registration
Rights Agreement, dated as of November 16, 2001, among the Company, Robertson
and the initial purchasers of the Notes as such agreement may be amended,
supplemented and modified from time to time in a writing signed by all of the
signatories thereto.

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        (j) "Securities Act " means the Securities Act of 1933, as amended, and
the rules and regulations promulgated thereunder.

        (k) "Trading Day" shall mean (x) a day on which the Principal Market is
open for business or (y) if the applicable security is not so listed on a
Principal Market or admitted for trading or quotation, a Business Day.

        (l) "Warrant" means this Warrant and the other warrants to purchase
shares of Common Stock issued pursuant to the Securities Purchase Agreement and
all warrants issued in exchange, transfer or replacement thereof.

        (m) "Warrant Shares" means all shares of Common Stock issuable upon
exercise of the Warrants.

SECTION 2. EXERCISE OF WARRANT.

        (a) Subject to the terms and conditions hereof, including the early
termination of this Warrant pursuant to Section 3(b) of this Warrant, this
Warrant may be exercised by the holder hereof then registered on the books of
the Company, in whole or in part, at any time on any Business Day on or after
the opening of business on the date hereof and prior to 5:00 p.m., Eastern
Standard Time, on the Expiration Date by (i) delivery of a written notice, in
the form of the subscription notice attached as Exhibit A hereto or a reasonable
facsimile thereof (the "Exercise Notice"), to the Company and the Company's
designated transfer agent (the "Transfer Agent"), of such holder's election to
exercise all or a portion of this Warrant, which notice shall specify the number
of Warrant Shares to be purchased, (ii) (A) payment to the Company of an amount
equal to the Exercise Price multiplied by the number of Warrant Shares as to
which this Warrant is being exercised (the "Aggregate Exercise Price") in cash
or delivery of a certified check or bank draft payable to the order of the
Company or wire transfer of immediately available funds or (B) notification to
the Company that this Warrant is being exercised pursuant to a Cashless Exercise
(as defined in Section 2(e) of this Warrant), and (iii) the surrender of this
Warrant to a common carrier for overnight delivery to the Company as soon as
practicable following such date (or an indemnification undertaking or other form
of security reasonably satisfactory to the Company with respect to this Warrant
in the case of its loss, theft or destruction); provided, however, that if such
Warrant Shares are to be issued in any name other than that of the registered
holder of this Warrant, such issuance shall be deemed a transfer and the
provisions of Section 8 of this Warrant shall be applicable. In the event of any
exercise of the rights represented by this Warrant in compliance with this
Section 2(a), the Company shall on or before the fifth Business Day (the
"Warrant Share Delivery Date") following the date of its receipt of the Exercise
Notice, the Aggregate Exercise Price (or notice of Cashless Exercise) and this
Warrant (or an indemnification undertaking or other form of security reasonably
satisfactory to the Company with respect to this Warrant in the case of its
loss, theft or destruction) (the "Exercise Delivery Documents"), (A) in the case
of a public resale of such Warrant Shares, at the holder's request, credit such
aggregate number of shares of Common Stock to which the holder shall be entitled
to the holder's or its designee's balance account with the Depositary Trust
Company ("DTC") through its Deposit Withdrawal Agent Commission system or (B)
issue and deliver to the address as specified in the Exercise Notice, a
certificate or certificates in such denominations as may be requested by the
holder in the Exercise Notice, registered in the name of

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the holder or its designee, for the number of shares of Common Stock to which
the holder shall be entitled upon such exercise. Upon delivery of the Exercise
Notice, this Warrant and Aggregate Exercise Price referred to in clause (ii)(A)
above or notification to the Company of a Cashless Exercise referred to in
Section 2(e) of this Warrant, the holder of this Warrant shall be deemed for all
corporate purposes to have become the holder of record of the Warrant Shares
with respect to which this Warrant has been exercised, irrespective of the date
of delivery of this Warrant as required by clause (iii) above or the
certificates evidencing such Warrant Shares. In the case of a dispute as to the
determination of the Exercise Price or the arithmetic calculation of the number
of Warrant Shares, the Company shall promptly issue to the holder the number of
shares of Common Stock that is not disputed and shall submit the disputed
determination or arithmetic calculation to the holder via facsimile within two
(2) Business Days after receipt of the holder's Exercise Notice. If the holder
and the Company are unable to agree upon the determination of the Exercise Price
or arithmetic calculation of the number of Warrant Shares within one (1)
Business Day of such disputed determination or arithmetic calculation being
submitted to the holder, then the Company shall immediately submit via facsimile
(i) the disputed determination of the Exercise Price or the Closing Sale Price
to an independent, reputable investment banking firm selected jointly by the
Company and the holder or (ii) the disputed arithmetic calculation of the number
of Warrant Shares to its independent, outside auditor. The Company shall cause
the investment banking firm or the auditor, as the case may be, to perform the
determination or calculation and notify the Company and the holder of the
results no later than ten (10) Business Days from the time it receives the
disputed determination or calculation. Such investment banking firm's or
auditor's determination or calculation, as the case may be, shall be deemed
conclusive absent manifest error. All fees and expenses of such determinations
shall be borne solely by the Company.

        (b) Unless the rights represented by this Warrant shall have expired or
shall have been fully exercised, the Company shall, as soon as practicable but
in no event later than five (5) Business Days after any exercise (the "Warrant
Delivery Date") and at its own expense, issue a new Warrant identical in all
respects to this Warrant exercised except it shall represent rights to purchase
the number of Warrant Shares purchasable immediately prior to such exercise
under this Warrant, less the number of Warrant Shares with respect to which this
Warrant is exercised.

        (c) Notwithstanding anything contained in this Warrant to the contrary,
the Company shall not be required to issue fractions of shares of Common Stock
upon exercise of this Warrant or to distribute certificate which evidence such
fractional shares. If more than one Warrant shall be presented for exercise in
full at the same time by the same holder, the number of full shares of Common
Stock which shall be issuable upon the exercise thereof shall be computed on the
basis of the aggregate number of shares of Common Stock purchasable on exercise
of all Warrants so presented. In lieu of any fractional shares, there shall be
paid to the holder an amount of cash equal to the same fraction of the current
market value of a share of Common Stock. For purposes of this Section 2(c) of
this Warrant, the current market value of a share of Common Stock shall be the
Closing Sale Price of a share of Common Stock for the Trading Day immediately
prior to the date of such exercise or if not listed on a Principal Market, then
as determined by the holders of Warrants representing a majority of the shares
of Common Stock issuable upon exercise of all of the Warrants then outstanding.

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        (d) If the Company shall fail for any reason or for no reason to issue
to the holder within five (5) Business Days of receipt of the Exercise Delivery
Documents, a certificate for the number of shares of Common Stock to which the
holder is entitled or to credit the holder's designee's balance account with
DTC, in accordance with Section 2 of this Warrant, for such number of shares of
Common Stock to which the holder is entitled upon the holder's exercise of this
Warrant or a new Warrant for the number of shares of Common Stock to which such
holder is entitled pursuant to Section 2(b) of this Warrant, the Company shall,
in addition to any other remedies under this Warrant or the Securities Purchase
Agreement or otherwise available to such holder, including any indemnification
under Section 8 of the Securities Purchase Agreement, pay as additional damages
in cash to such holder on each day after the Warrant Share Delivery Date such
exercise is not timely effected and/or each day after the Warrant Delivery Date
such Warrant is not delivered, as the case may be, in an amount equal to
one-half percent (0.5%) per month multiplied by the product of (I) the sum of
the number of shares of Common Stock not issued to the holder on or prior to the
Warrant Share Delivery Date and to which such holder is entitled and, in the
event the Company has failed to deliver a Warrant to the holder on or prior to
the Warrant Delivery Date, the number of shares of Common Stock issuable upon
exercise of the Warrant as of the Warrant Delivery Date and (II) the Closing
Sale Price of the Common Stock on the Warrant Share Delivery Date, in the case
of the failure to deliver Common Stock, or the Warrant Delivery Date, in the
case of failure to deliver a Warrant, as the case may be, provided that if the
Common Stock is not listed on a Principal Market, then the Closing Sale Price
shall be as determined in good faith by a majority of the Company's Board of
Directors, whose determination shall be final, binding and conclusive.

        (e) Notwithstanding anything contained herein to the contrary, the
holder of this Warrant may, at its election exercised in its sole discretion,
exercise this Warrant as to all or a portion of the Warrant Shares and, in lieu
of making the cash payment otherwise contemplated to be made to the Company upon
such exercise in payment of the Aggregate Exercise Price, elect instead to
receive upon such exercise the "Net Number" of shares of Common Stock determined
according to the following formula (a "Cashless Exercise"):

                      Net Number = (A x B) - (A x C)
                                   -----------------
                                           B

        For purposes of the foregoing formula:

               A=     the total number of shares with respect to which this
                      Warrant is then being exercised.

               B=     the Closing Sale Price of the Common Stock on the Trading
                      Day immediately preceding the date of the Exercise Notice.

               C=     the Exercise Price then in effect for the applicable
                      Warrant Shares at the time of such exercise.

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SECTION 3. DATE; DURATION; EARLY TERMINATION OF WARRANTS.

        (a) The date of this Warrant is November 19, 2001 (the "Warrant Date").
This Warrant, in all events, shall be wholly void and of no effect at 5:00 pm
Eastern Standard Time on the Expiration Date, or the Termination Date (as
defined below), if applicable, as the case may be, except that notwithstanding
any other provisions hereof, the provisions of Section 8(c) of this Warrant
shall continue in full force and effect after such date as to any Warrant Shares
or other securities issued upon the exercise of this Warrant.

        (b) At any time after November 19, 2002, if (1) the Closing Sale Price
per share of the Common Stock has exceeded 175% of the Exercise Price then in
effect for any fifteen (15) Trading Days within a period of twenty (20)
consecutive Trading Days (the "Determination Period") and (2) a shelf
registration statement covering resales of the Common Stock issuable upon
exercise of the Warrants is effective and available for use at all times during
the period beginning thirty (30) days prior to the Notice Date (as defined
below) and ending on the Termination Date, and is expected to remain effective
and available for use until at least the earlier of thirty (30) days following
the Termination Date or the last date on which the shelf registration statement
is required to be kept effective under the terms of the Registration Rights
Agreement, then the Company may, at its option, terminate the Warrants. By
following the procedures set forth below, the Company may exercise this right of
termination only if, within ten (10) days following the Determination Period,
the Company shall mail or cause to be mailed a notice of such termination (the
"Termination Notice," and the date such Termination Notice is mailed, the
"Notice Date") to the holders of the Warrant at the address set forth for such
holder in Section 12 of this Warrant. Such mailing shall be by first class mail
and the Company shall contemporaneously issue a press release through PRNewswire
or Bloomberg Financial Markets containing substantially the same information as
the notice of termination described below. Each such notice of termination shall
specify the CUSIP number of the Warrant, the Termination Date, that the Warrants
may not be exercised after 5:00 p.m., Eastern Standard Time, on the Termination
Date and the current Exercise Price.

        If all of the conditions described in the preceding paragraph have been
met, any Warrant not exercised before the close of business on the sixtieth
(60th) day after the mailing date of the notice of termination (such sixtieth
(60th) day, the "Termination Date") shall automatically be deemed exercised in
accordance with Section 2(e) and the Company will deliver the Warrant Shares to
the holder upon receipt of a completed Exercise Notice along with the original
copy of the Warrant for cancellation (or an affidavit of lost Warrant in
accordance with Section 12).

SECTION 4. COVENANTS AS TO COMMON STOCK. The Company hereby covenants and agrees
as follows:

        (a) Issuance of Warrants and Warrant Shares. This Warrant is, and any
Warrants issued in substitution for or replacement of this Warrant will upon
issuance be, validly issued, fully paid and non-assessable and free from all
taxes, liens and charges with respect to the issuance thereof, and shall not be
subject to preemptive rights or other similar rights of shareholders of the
Company. All Warrant Shares which may be issued upon the exercise of the rights
represented by this Warrant will, upon issuance and payment hereof or cashless
exercise in accordance with the terms hereof, be validly issued, fully paid and
nonassessable and free from all taxes, liens and charges created by or

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through the Company with respect to the issue thereof, with the holders being
entitled to all rights accorded to a holder of Common Stock.

        (b) Reservation of Shares. During the period within which the rights
represented by this Warrant may be exercised, the Company will take all action
reasonably necessary to at all times have authorized, and reserved for the
purpose of issuance, no less than one hundred five percent (105%) of the number
of shares of Common Stock needed to provide for the issuance of the Warrant
Shares upon exercise of all of the Warrants without regard to any limitations on
conversions or exercise.

        (c) Listing. The Company shall promptly use its best efforts to secure
the listing of the shares of Common Stock issuable upon exercise of this Warrant
upon each national securities exchange and automated quotation system, if any,
upon which shares of Common Stock are then listed (subject to official notice of
issuance upon exercise of this Warrant) and shall use its best efforts to
maintain, so long as any other shares of Common Stock shall be so listed, such
listing of all shares of Common Stock from time to time issuable upon the
exercise of this Warrant; and the Company shall use its best efforts to list on
the Principal Market or automated quotation system, as the case may be, and
shall use its best efforts to maintain such listing of, any other shares of
capital stock of the Company issuable upon the exercise of this Warrant if and
so long as any shares of the same class shall be listed on such Principal Market
or automated quotation system. The Company shall pay all fees and expenses in
connection with satisfying its obligations under this Section 4(c).

        (d) Certain Actions. The Company will not, by amendment of its articles
of incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities, or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed by it hereunder. Without limiting the
generality of the foregoing, the Company (i) will not increase the par value of
any shares of Common Stock issuable upon the exercise of this Warrant above the
Exercise Price then in effect, (ii) will take all such actions as may be
reasonably necessary or appropriate in order that the Company may validly and
legally issue fully paid and nonassessable shares of Common Stock upon the
exercise of this Warrant and (iii) will not take any action which results in any
adjustment of the Exercise Price if the total number of shares of Common Stock
issuable after the action upon the exercise of all of the Warrants would exceed
the total number of shares of Common Stock then authorized by the Company's
article of incorporation and available for the purpose of issue upon such
exercise.

        (e) Obligations Binding on Successors. This Warrant will be binding upon
any entity succeeding to the Company in one or a series of transactions by
merger, consolidation or acquisition of all or substantially all of the
Company's assets or other similar transactions.

SECTION 5. TAXES.

        (a) The Company shall pay any and all documentary, stamp, transfer and
other similar taxes which may be payable with respect to the issuance and
delivery of Warrant Shares upon exercise of this Warrant.

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        (b) Notwithstanding any other provision of this Warrant or any other
Transaction Document, for income tax purposes, any assignee or transferee shall
agree that the Company and the Company's Transfer Agent shall be permitted to
withhold from any amounts payable to such assignee or transferee any taxes
required by law to be withheld from such amounts. Unless exempt from the
obligation to do so, each assignee or transferee shall execute and deliver to
the Company or the Company's transfer agent, as applicable, properly completed
Form W-8 or W-9, indicating that such assignee or transferee is not subject to
back-up withholding for United States Federal income tax purposes. Each assignee
or transferee that does not deliver such a form pursuant to the preceding
sentence shall have the burden of proving to the Company's reasonable
satisfaction that it is exempt from such requirement.

SECTION 6. WARRANT HOLDER NOT DEEMED A SHAREHOLDER. Except as otherwise
specifically provided herein, prior to the exercise of the Warrants represented
hereby, the holder of this Warrant shall not be entitled, as such, to any rights
of a shareholder of the Company, including, without limitation, the right to
vote or to consent to any action of the shareholders of the Company, to receive
dividends or other distributions, to exercise any preemptive right or to receive
dividends or other distributions, to exercise any preemptive right or to receive
any notice of meetings of shareholders of the Company, and shall not be entitled
to receive any notice of any proceedings of the Company. In addition, nothing
contained in this Warrant shall be construed as imposing any liabilities on such
holder to purchase any securities (upon exercise of this Warrant or otherwise)
or as a shareholder of the Company, whether such liabilities are asserted by the
Company or by creditors of the Company.

SECTION 7. COMPLIANCE WITH SECURITIES LAWS.

        (a) The holder of this Warrant, by the acceptance hereof, represents and
warrants that (i) it is acquiring this Warrant and (ii) upon exercise of this
Warrant will acquire the Warrant Shares then issuable upon exercise thereof for
its own account for investment only and not with a view towards, or for resale
in connection with, the public sale or distribution thereof, except pursuant to
sales registered or exempted under the Securities Act; provided, however, that
by making the representations herein, the holder does not agree to hold this
Warrant or any of the Warrant Shares for any minimum or other specific term and
reserves the right to dispose of this Warrant and the Warrant Shares at any time
in accordance with or pursuant to a registration statement or an exemption under
the Securities Act. The holder of this Warrant further represents, by acceptance
hereof, that, as of this date, such holder is an "accredited investor" as such
term is defined in Rule 501(a) of Regulation D promulgated by the Securities and
Exchange Commission under the Securities Act and was not organized for the
specific purpose of acquiring the Warrants or Warrant Shares.

        (b) This Warrant and all the Warrant Shares issued upon exercise hereof
or conversion thereof shall be stamped or imprinted with a legend in
substantially the following form (in addition to any legend required by state
securities laws or any securities exchange upon which such Warrant Shares may,
at the time of such exercise, be listed) on the face thereof unless at the time
of exercise such Warrant Shares shall be registered under the Securities Act:

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               THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN
               REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
               APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE
               OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF
               AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
               SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
               SECURITIES LAWS OR AN APPLICABLE EXEMPTION THEREFROM.

        In addition, any Warrants or Warrant Shares held by or transferred to an
"affiliate" (as defined in Rule 501(b) of Regulation D under the Securities Act)
of the Company shall be stamped or imprinted with a legend substantially in the
following form:

               THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE HELD BY A
               PERSON WHO MAY BE DEEMED TO BE AN AFFILIATE OF THE ISSUER FOR
               PURPOSES OF RULE 144 PROMULGATED UNDER THE SECURITIES ACT OF
               1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY BE SOLD ONLY IN
               COMPLIANCE WITH RULE 144, PURSUANT TO AN EFFECTIVE REGISTRATION
               STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO A VALID
               EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.

        The legends set forth above shall be removed and the Company (in the
case of Warrants) or the transfer agent (in the case of Warrant Shares) shall
issue a new Warrant or Warrant(s) of like tenor and aggregate principal amount,
or a certificate or certificates representing Warrant Shares, as appropriate,
without such legends to the holder of the Warrant(s) or Warrant Shares upon
which they are stamped, (i) if such Warrant(s) or Warrant Shares are registered
for resale under the Securities Act and are transferred or sold pursuant to such
registration, (ii) if, in connection with a sale transaction, such holder
provides the Company with an opinion of counsel reasonably acceptable to the
Company to the effect that a public sale, assignment or transfer of the
Warrant(s) or Warrant Shares may be made without registration under the
Securities Act, or (iii) upon expiration of the two- (2) year period under Rule
144(k) promulgated under the Securities Act (or any successor rule). In the
event Rule 144(k) (or any successor rule) is amended to change the two- (2) year
period, the reference in the preceding sentence shall be deemed to be a
reference to such changed period, provided that such change shall not become
effective if it is otherwise prohibited by, or would otherwise cause a violation
of, the then applicable federal securities laws. The Company shall not require
such opinion of counsel for the sale of Securities in accordance with Rule 144
of the Securities Act, provided the Seller provides such representations that
the Company shall reasonably request confirming compliance with the requirements
of Rule 144.

SECTION 8. OWNERSHIP AND TRANSFER.

        (a) The Company shall maintain at its principal executive offices (or
such other office or agency of the Company as it may designate by notice to the
holder hereof), a register for this

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Warrant (the "Warrant Register"), in which the Company shall record the name and
address of the Person in whose name this Warrant has been issued, as well as the
name and address of each transferee. The Company may treat the Person in whose
name any Warrant is registered on the Warrant Register as the owner and holder
thereof for all purposes, notwithstanding any notice to the contrary, but in all
events recognizing any transfers made in accordance with the terms of this
Warrant.

        (b) This Warrant and all rights hereunder shall be assignable and
transferable by the holder hereof without the consent of the Company upon
surrender of this Warrant with a properly executed assignment (in the form of
Exhibit B hereto) at the principal executive offices of the Company (or such
other office or agency of the Company as it may designate in writing to the
holder hereof).

        (c) The Company is obligated to register the Warrant Shares for resale
under the Securities Act pursuant to the Registration Rights Agreement. The
shares of Common Stock issuable upon exercise of this Warrant shall constitute
Registrable Securities (as such term is defined in the Registration Rights
Agreement). Each holder of this Warrant shall be entitled to all of the benefits
afforded to a holder of any such Registrable Securities under the Registration
Rights Agreement and such holder, by its acceptance of this Warrant, agrees and
shall agree to be bound by and to comply with the terms and conditions of the
Registration Rights Agreement applicable to such holder as a holder of such
Registrable Securities.

SECTION 9. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES ISSUABLE. The
Exercise Price, the number of Shares issuable upon the exercise of each Warrant
and the number of Warrants outstanding are subject to adjustment from time to
time upon the occurrence of the events enumerated in this Section 9.

        (a) In case the Company shall hereafter pay a dividend or make a
distribution to all holders of the outstanding Common Stock in shares of Common
Stock, the Exercise Price in effect at the opening of business on the date
following the date fixed for the determination of shareholders entitled to
receive such dividend or other distribution shall be reduced by multiplying such
Exercise Price by a fraction of which (i) the numerator shall be the number of
shares of Common Stock outstanding at the close of business on the Record Date
(as defined in Section 9(f)) of this Warrant fixed for such determination and
(ii) the denominator shall be the sum of such number of shares and the total
number of shares constituting such dividend or other distribution, such
reduction in the Exercise Price to become effective immediately after the
opening of business on the day following the Record Date. If any dividend or
distribution of the type described in this Section 9(a) of this Warrant is
declared but not so paid or made, the Exercise Price shall again be adjusted to
the Exercise Price which would then be in effect if such dividend or
distribution had not been declared.

        (b) In case the outstanding shares of Common Stock shall be subdivided
into a greater number of shares of Common Stock, the Exercise Price in effect at
the opening of business on the day following the day upon which such subdivision
becomes effective shall be proportionately reduced, and conversely, in case
outstanding shares of Common Stock shall be combined into a smaller number of
shares of Common Stock, the Exercise Price in effect at the opening of business
on the day following the day upon which such combination becomes effective shall
be

                                      -10-
<PAGE>
proportionately increased, such reduction or increase, as the case may be, to
become effective immediately after the opening of business on the day following
the day upon which such subdivision or combination becomes effective.

        (c) In case the Company shall issue rights or warrants to all holders of
its outstanding shares of Common Stock entitling them to subscribe for or
purchase shares of Common Stock at a price per share less than the Current
Market Price (as defined in Section 9(f) of this Warrant) on the Record Date
fixed for the determination of shareholders entitled to receive such rights or
warrants, the Exercise Price shall be adjusted so that the same shall equal the
price determined by multiplying the Exercise Price in effect at the opening of
business on the date after such Record Date by a fraction of which (i) the
numerator shall be the sum of the number of shares of Common Stock outstanding
at the close of business on the Record Date plus the number of shares that the
aggregate offering price of the total number of shares so offered for
subscription or purchase would purchase at such Current Market Price, and of
which (ii) the denominator shall be the sum of the number of shares of Common
Stock outstanding at the close of business on the Record Date plus the total
number of additional shares of Common Stock so offered for subscription or
purchase. Such adjustment shall become effective immediately after the opening
of business on the day following the Record Date fixed for determination of
shareholders entitled to receive such rights or warrants. To the extent that
shares of Common Stock are not delivered pursuant to such rights or warrants,
upon the expiration or termination of such rights or warrants the Exercise Price
shall be readjusted to the Exercise Price that would then be in effect had the
adjustments made upon the issuance of such rights or warrants been made on the
basis of delivery of only the number of shares of Common Stock actually
delivered. In the event that such rights or warrants are not so issued, the
Exercise Price shall again be adjusted to be the Exercise Price that would then
be in effect if such date fixed for the determination of shareholders entitled
to receive such rights or warrants had not been fixed. In determining whether
any rights or warrants entitle the holders to subscribe for or purchase shares
of Common Stock at less than such Current Market Price, and in determining the
aggregate offering price of such shares of Common Stock, there shall be taken
into account any consideration received for such rights or warrants, the value
of such consideration, if other than cash, to be determined in good faith by the
Company's Board of Directors.

        (d) In case the Company shall, by dividend or otherwise, distribute to
all holders of its Common Stock shares of any class of capital stock of the
Company (other than any dividends or distributions to which Section 9(a) of this
Warrant applies) or evidences of its indebtedness or other assets (including
securities, but excluding (1) any rights or warrants referred to in Section 9(c)
of this Warrant and (2) dividends and distributions paid exclusively in cash
(except as set forth in Section 9(e) and (f) of this Warrant, (the foregoing
hereinafter in this Section 9(d) called the "Securities")), unless the Company
elects to reserve such Securities for distribution to the holders upon
conversion of the Warrants so that any such holder converting Warrants will
receive upon such conversion, in addition to the shares of Common Stock to which
such holder is entitled, the amount and kind of such Securities which such
holder would have received if such holder had converted its Warrants into Common
Stock immediately prior to the Record Date (as defined in Section 9(f) of this
Warrant) for such distribution of the Securities then, in each such case, the
Exercise Price shall be reduced so that the same shall be equal to the price
determined by multiplying the Exercise Price in effect immediately prior to the
close of business on the Record Date with respect to such distribution by a
fraction of which the numerator shall be the Current Market Price (as defined in

                                      -11-
<PAGE>
Section 9(f) of this Warrant) on such date less the fair market value (as
determined in good faith by the Company's Board of Directors, whose
determination shall be conclusive) on such date of the portion of the Securities
so distributed applicable to one share of Common Stock and the denominator shall
be such Current Market Price, such reduction to become effective immediately
prior to the opening of business on the day following the Record Date; provided,
however, that in the event the then fair market value (as so determined) of the
portion of the Securities so distributed applicable to one share of Common Stock
is equal to or greater than the Current Market Price on the Record Date, in lieu
of the foregoing adjustment, adequate provision shall be made so that each
holder shall have the right to receive upon conversion of a Warrant (or any
portion thereof) the amount of Securities such holder would have received had
such holder converted such Warrant (or portion thereof) immediately prior to
such Record Date.

        In the event that such dividend or distribution is not so paid or made,
the Exercise Price shall again be adjusted to be the Exercise Price which would
then be in effect if such dividend or distribution had not been declared. If a
majority of the independent members of the Company's Board of Directors
determines the fair market value of any distribution for purposes of this
Section 9(d) by reference to the actual or when issued trading market for any
securities comprising all or part of such distribution, it must in doing so
consider the prices in such market over the same period (the "Reference Period")
used in computing the Current Market Price pursuant to Section 9(f) of this
Warrant to the extent possible, unless a majority of the independent members of
the Company's Board of Directors determines in good faith that determining the
fair market value during the Reference Period would not be in the best interest
of the holders.

        In the event that the Company implements a new shareholder rights plan,
such rights plan shall provide that upon exercise of the Warrants the holders
will receive, in addition to the Common Stock issuable upon such exercise, the
rights issued under such rights plan (as if the holder had exercised the Warrant
prior to implementing the rights plan and notwithstanding the occurrence of an
event causing such rights to separate from the Common Stock at or prior to the
time of exercise). Any distribution of rights or warrants pursuant to a
shareholder rights plan complying with the requirements set forth in the
immediately preceding sentence of this paragraph shall not constitute a
distribution of rights or warrants for the purposes of this Section 9(d).

        Rights or warrants distributed by the Company to all holders of Common
Stock entitling the holders thereof to subscribe for or purchase shares of the
Company's capital stock (either initially or under certain circumstances), which
rights or warrants, until the occurrence of a specified event or events
("Trigger Event"), (i) are deemed to be transferred with such shares of Common
Stock, (ii) are not exercisable, and (iii) are also issued in respect of future
issuances of Common Stock, shall be deemed not to have been distributed for
purposes of this Section 9(d) (and no adjustment to the Exercise Price under
this Section 9(d) will be required) until the occurrence of the earliest Trigger
Event. If such right or warrant is subject to subsequent events, upon the
occurrence of which such right or warrant shall become exercisable to purchase
different securities, evidences of indebtedness or other assets or entitle the
holder to purchase a different number or amount of the foregoing or to purchase
any of the foregoing at a different purchase price, then the occurrence of each
such event shall be deemed to be the date of issuance and record date with
respect to a new right or warrant (and a termination or expiration of the
existing right or warrant without exercise by the holder thereof). In addition,
in the event of any distribution (or deemed distribution) of rights or

                                      -12-
<PAGE>
warrants, or any Trigger Event or other event (of the type described in the
preceding sentence) with respect thereto, that resulted in an adjustment to the
Exercise Price under this Section 9(d), (1) in the case of any such rights or
warrants that shall all have been redeemed or repurchased without exercise by
any holders thereof, the Exercise Price shall be readjusted upon such final
redemption or repurchase to give effect to such distribution or Trigger Event,
as the case may be, as though it were a cash distribution, equal to the per
share redemption or repurchase price received by a holder of Common Stock with
respect to such rights or warrants (assuming such holder had retained such
rights or warrants), made to all holders of Common Stock as of the date of such
redemption or repurchase, and (2) in the case of such rights or warrants all of
which shall have expired or been terminated without exercise, the Exercise Price
shall be readjusted as if such rights and warrants had never been issued.

        For purposes of this Section 9(d) and Sections 9(a) and (c) of this
Warrant, any dividend or distribution to which this Section 9(d) is applicable
that also includes shares of Common Stock, or rights or warrants to subscribe
for or purchase shares of Common Stock to which Sections 9(a) or (c) of this
Warrant apply (or both), shall be deemed instead to be (1) a dividend or
distribution of the evidences of indebtedness, assets, shares of capital stock,
rights or warrants other than such shares of Common Stock or rights or warrants
to which Section 9(c) of this Warrant applies (and any Exercise Price reduction
required by this Section 9(e) with respect to such dividend or distribution
shall then be made) immediately followed by (2) a dividend or distribution of
such shares of Common Stock or such rights or warrants (and any further Exercise
Price reduction required by Sections 9(a) and (c) of this Warrant with respect
to such dividend or distribution shall then be made, except (A) the Record Date
of such dividend or distribution shall be substituted as "the date fixed for the
determination of shareholders entitled to receive such dividend or other
distribution," "Record Date fixed for such determination" and "Record Date"
within the meaning of Section 9(a) of this Warrant and as "the date fixed for
the determination of shareholders entitled to receive such rights or warrants,"
"the Record Date fixed for the determination of the shareholders entitled to
receive such rights or warrants" and "such Record Date" within the meaning of
Section 9(c) of this Warrant and (B) any shares of Common Stock included in such
dividend or distribution shall not be deemed "outstanding at the close of
business on the date fixed for such determination" within the meaning of Section
9(a) of this Warrant.

        (e) In case the Company shall, by dividend or otherwise, distribute to
all holders of its Common Stock cash (excluding any cash that is distributed
upon a merger or consolidation to which Section 10 of this Warrant applies or as
part of a distribution referred to in Section 9(d) of this Warrant), in an
aggregate amount that, combined together with (1) the aggregate amount of any
other such distributions to all holders of its Common Stock made exclusively in
cash within the twelve (12) months preceding the date of payment of such
distribution, and in respect of which no adjustment pursuant to this Section
9(e) has been made, and (2) the aggregate of any cash plus the fair market value
(as determined in good faith by the Company's Board of Directors, whose
determination shall be final, binding and conclusive) of consideration payable
in respect of any tender offer by the Company or any of its subsidiaries for all
or any portion of the Common Stock concluded within the twelve (12) months
preceding the date of payment of such distribution exceeds ten percent (10%) of
the product of the Current Market Price (determined as provided in Section 9(f)
of this Warrant) on the Record Date with respect to such distribution times the
number of shares of Common Stock outstanding on such date, then, and in each
such case, immediately after the close of

                                      -13-
<PAGE>
business on such date, the Exercise Price shall be reduced so that the same
shall equal the price determined by multiplying the Exercise Price in effect
immediately prior to the close of business on such Record Date by a fraction (i)
the numerator of which shall be equal to the Current Market Price on the Record
Date less an amount equal to the quotient of (x) such combined amount and (y)
the number of shares of Common Stock outstanding on the Record Date and (ii) the
denominator of which shall be equal to the Current Market Price on such date;
provided, however, that in the event the portion of the cash so distributed
applicable to one share of Common Stock is equal to or greater than the Current
Market Price of the Common Stock on the Record Date, in lieu of the foregoing
adjustment, adequate provision shall be made so that each holder shall have the
right to receive upon exercise of a Warrant (or any portion thereof) the amount
of cash such holder would have received had such holder exercised such Warrant
(or portion thereof) immediately prior to such Record Date. In the event that
such dividend or distribution is not so paid or made, the Exercise Price shall
again be adjusted to be the Exercise Price that would then be in effect if such
dividend or distribution had not been declared.

        (f) For purposes of this Section 9, the following terms shall have the
meaning indicated:

               (1) "Closing Sale Price" with respect to any securities on any
day shall mean the closing sale price regular way on such day or, in case no
such sale takes place on such day, the average of the reported closing bid and
asked prices, regular way, in each case on the Principal Market, or, if not
quoted or listed or admitted to trading on any national securities exchange or
quotation system, the average of the closing bid and asked prices of such
security on the over-the-counter market on the day in question as reported by
the National Quotation Bureau Incorporated, or a similar generally accepted
reporting service, or if not so available, in such manner as furnished by any
New York Stock Exchange member firm selected from time to time by the Company's
Board of Directors for that purpose, whose determination shall be conclusive.

               (2) "Current Market Price" shall mean the average of the daily
Closing Sale Prices per share of Common Stock for the ten (10) consecutive
Trading Days immediately prior to the date in question; provided, however, that
(1) if the "ex" date (as hereinafter defined) for any event (other than the
issuance or distribution requiring such computation) that requires an adjustment
to the Exercise Price pursuant to Section 9(a), (b), (c), (d) or (e) of this
Warrant occurs during such ten (10) consecutive Trading Days, the Closing Sale
Price for each Trading Day prior to the "ex" date for such other event shall be
adjusted by multiplying such Closing Sale Price by the same fraction by which
the Exercise Price is so required to be adjusted as a result of such other
event, (2) if the "ex" date for any event (other than the issuance or
distribution requiring such computation) that requires an adjustment to the
Exercise Price pursuant to Section 9(a), (b), (c), (d) or (e) of this Warrant
occurs on or after the "ex" date for the issuance or distribution requiring such
computation and prior to the day in question, the Closing Sale Price for each
Trading Day on and after the "ex" date for such other event shall be adjusted by
multiplying such Closing Sale Price by the reciprocal of the fraction by which
the Exercise Price is so required to be adjusted as a result of such other
event, and (3) if the "ex" date for the issuance or distribution requiring such
computation is prior to the day in question, after taking into account any
adjustment required pursuant to clause (1) or (2) of this proviso, the Closing
Sale Price for each Trading Day on or after such "ex" date shall be adjusted by
adding thereto the amount of any cash and the fair market value (as determined
in good faith by the Company's Board of Directors in a manner consistent with
any determination of such value for

                                      -14-
<PAGE>
purposes of Section 9(d) of this Warrant, whose determination shall be
conclusive) of the evidences of indebtedness, shares of capital stock or assets
being distributed applicable to one share of Common Stock as of the close of
business on the day before such "ex" date.

               (3) "fair market value" shall mean the amount which a willing
buyer would pay a willing seller in an arm's length transaction.

               (4) "Record Date" shall mean, with respect to any dividend,
distribution or other transaction or event in which the holders of Common Stock
have the right to receive any cash, securities or other property or in which the
Common Stock (or other applicable security) is exchanged for or converted into
any combination of cash, securities or other property, the date fixed for
determination of shareholders entitled to receive such cash, securities or other
property (whether such date is fixed by the Board of Directors or by statute,
contract or otherwise).

        (g) The Company may make such reductions in the Exercise Price, in
addition to those required by Sections 9(a), (b), (c), (d) or (e) of this
Warrant, as the Board of Directors considers to be advisable to avoid or
diminish any income tax to holders of Common Stock or rights to purchase Common
Stock resulting from any dividend or distribution of stock (or rights to acquire
stock) or from any event treated as such for income tax purposes.

        (h) To the extent permitted by applicable law, the Company from time to
time may reduce the Exercise Price by any amount for any period of time if the
period is at least twenty (20) days, the reduction is irrevocable during such
period and the Board of Directors shall have made a determination that such
reduction would be in the best interests of the Company, which determination
shall be conclusive and described in a Board Resolution. Whenever the Exercise
Price is reduced pursuant to the preceding sentence, the Company shall mail to
the holder of each Warrant at his last address in the Warrant Register a notice
of the reduction at least fifteen (15) days prior to the date the reduced
Exercise Price is to take effect, and such notice shall state the reduced
Exercise Price and the period during which it will be in effect.

        (i) No adjustment in the Exercise Price shall be required under this
Section 9 unless such adjustment would require an increase or decrease of at
least one percent (1%) in the Exercise Price; provided, however, that any
adjustments which by reason of this Section 9(i) are not required to be made
shall be carried forward and taken into account in any subsequent adjustment.
All calculations under this Section 9 shall be made by the Company and shall be
made to the nearest cent or to the nearest one hundredth of a share, as the case
may be. No adjustment need be made for a change in the no par value of the
Common Stock.

        (j) Notice to Holders of Warrants Prior to Certain Actions. In case:

               (1) the Company shall declare a dividend (or any other
distribution) on its Common Stock that would require an adjustment in the
Exercise Price pursuant to this Section 9; or

               (2) the Company shall authorize the granting to the holders of
its Common Stock of rights or warrants to subscribe for or purchase any share of
any class or any other rights or warrants; or

                                      -15-
<PAGE>
               (3) of any reclassification of the Common Stock of the Company
(other than a subdivision or combination of its outstanding Common Stock, or a
change from no par value to par value), or of any consolidation or merger to
which the Company is a party and for which approval of any shareholders of the
Company is required, or of the sale and transfer of all or substantially all of
the assets of the Company; or

               (4) of the voluntary or involuntary dissolution, liquidation or
winding-up of the Company;

        the Company shall mail to the holder at such address appearing in the
Warrant Register as promptly as possible but in any event at least fifteen (15)
days prior to the applicable date hereinafter specified, a notice stating (x)
the date on which a record is to be taken for the purpose of such dividend,
distribution or rights are to be determined, or (y) the date on which such
reclassification, consolidation, merger, sale, transfer, dissolution,
liquidation or winding-up is expected to become effective or occur, and the date
as of which it is expected that holders of Common Stock of record shall be
entitled to exchange their Common Stock for securities or other property
deliverable upon such reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding-up. Failure to give such notice, or any
defect therein, shall not affect the legality or validity of such dividend,
distribution, reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding-up. In addition, whenever the Exercise Price
is adjusted as provided in this Section 9, the Company shall prepare a notice of
such adjustment of the Exercise Price setting forth the adjusted Exercise Price
and the date on which each adjustment becomes effective and shall mail such
notice of such adjustment of the Exercise Price to the holder of each Warrant at
his last address in the Warrant Register within twenty (20) days of the
effective date of such adjustment. Failure to deliver such notice shall not
effect the legality or validity of any such adjustment.

        (k) In any case in which this Section 9 provides that an adjustment
shall become effective immediately after a Record Date for an event, the Company
may defer until the occurrence of such event (i) issuing to the holder of any
Warrant exercised after such Record Date and before the occurrence of such event
the additional shares of Common Stock issuable upon such exercise by reason of
the adjustment required by such event over and above the Common Stock issuable
upon such conversion before giving effect to such adjustment and (ii) paying to
such holder any amount in cash in lieu of any fraction pursuant to Section 2(c)
of this Warrant.

        (l) For purposes of this Section 9, the number of shares of Common Stock
at any time outstanding shall not include shares held in the treasury of the
Company but shall include shares issuable in respect of scrip certificates
issued in lieu of fractions of shares of Common Stock. The Company will not pay
any dividend or make any distribution on shares of Common Stock held in the
treasury of the Company.

        (m) Upon each adjustment of the Exercise Price pursuant to this Section
9, each Warrant shall thereupon evidence the right to purchase that number of
shares of Common Stock (calculated to the nearest hundredth of a share) obtained
by multiplying the number of shares of Common Stock purchasable immediately
prior to such adjustment upon exercise of the Warrant by the Exercise Price in
effect immediately prior to such adjustment and dividing the product so obtained
by the Exercise Price in effect immediately after such adjustment. The
adjustment pursuant to this

                                      -16-
<PAGE>
Section 9(m) to the number of shares of Common Stock purchasable upon exercise
of a Warrant shall be made each time an adjustment of the Exercise Price is made
pursuant to this Section 9 (or would be made but for Section 9(k) of this
Warrant).

SECTION 10. EFFECT OF RECLASSIFICATION, CONSOLIDATION, MERGER OR SALE. If any of
the following events occur, namely (i) any reclassification or change of the
outstanding shares of Common Stock (other than a change in par value, or from
par value to no par value, or from no par value to par value, or as a result of
a subdivision or combination), (ii) any consolidation, merger or combination of
the Company with another person as a result of which holders of Common Stock
shall be entitled to receive stock, securities or other property or assets
(including cash) with respect to or in exchange for such Common Stock (other
than as a result of a change in name, a change in par value or a change in the
jurisdiction of incorporation), (iii) any statutory exchange, as a result of
which holders of Common Stock generally shall be entitled to receive stock,
securities or other property or assets (including cash) with respect to or in
exchange for such Common Stock (such transaction, a "Statutory Exchange"), (iv)
any sale or conveyance of the properties and assets of the Company as, or
substantially as, an entirety to any other person as a result of which holders
of Common Stock shall be entitled to receive stock, securities or other property
or assets (including cash) with respect to or in exchange for such Common Stock,
then the Company or the successor or purchasing person, as the case may be,
shall issue a replacement Warrant providing that such Warrant shall be
exercisable for the kind and amount of shares of stock and other securities or
property or assets (including cash) receivable upon such reclassification,
change, consolidation, merger, combination, Statutory Exchange, sale or
conveyance by a holder of a number of shares of Common Stock issuable upon
exercise of such Warrants (assuming, for such purposes, a sufficient number of
authorized shares of Common Stock available for issuance upon exercise of all
such Warrants) immediately prior to such reclassification, change,
consolidation, merger, combination, Statutory Exchange, sale or conveyance
assuming such holder of Common Stock did not exercise his rights of election, if
any, that holders of Common Stock who were entitled to vote or consent to such
transaction had as to the kind or amount of securities, cash or other property
receivable upon such consolidation, merger, combination, Statutory Exchange,
sale or conveyance (provided that, if the kind or amount of securities, cash or
other property receivable upon such consolidation, merger, combination,
Statutory Exchange, sale or conveyance is not the same for each share of Common
Stock in respect of which such rights of election shall not have been exercised
("non-electing share"), then for the purposes of this Section 10 the kind and
amount of securities, cash or other property receivable upon such consolidation,
merger, combination, Statutory Exchange, sale or conveyance for each
non-electing share shall be deemed to be the kind and amount so receivable per
share by a plurality of the non-electing shares). Such replacement Warrant shall
provide for adjustments which shall be as nearly equivalent as may be
practicable to the adjustments provided for in Section 9 of this Warrant. If, in
the case of any such reclassification, change, consolidation, merger,
combination, Statutory Exchange, sale or conveyance, the stock or other
securities and assets receivable thereupon by a holder of shares of Common Stock
shall include shares of stock or other securities and assets of a corporation
other than the successor or purchasing person, as the case may be, in such
reclassification, change, consolidate, merger, combination, Statutory Exchange,
sale or conveyance, then such replacement Warrant shall also be executed by such
other person and shall contain such additional provisions to protect the
interests of the holder of the Warrants as the Company's Board of Directors
shall reasonably consider necessary by reason of the foregoing. The

                                      -17-
<PAGE>
Exercise Price for the stock and other securities, property and assets
(including cash) so receivable upon such event shall be an amount equal to the
Exercise Price immediately prior to such event.

        The Company shall mail such replacement Warrant to each holder of
Warrants, at such holder's address appearing in the Warrant Register within
twenty (20) days after execution thereof. Failure to deliver such notice shall
not affect the legality or validity of such replacement Warrant.

        The above provisions of this Section 10 shall similarly apply to
successive reclassifications, changes, consolidations, mergers, combinations,
sales and conveyances.

        If this Section 10 applies to any event or occurrence, Section 9 of this
Warrant shall not apply.

SECTION 11. NOTICE TO HOLDERS PRIOR TO CERTAIN ACTIONS. In case:

        (a) the Company shall declare a dividend (or any other distribution) on
its Common Stock; or

        (b) the Company shall authorize the granting to the holders of its
Common Stock of rights or warrants to subscribe for or purchase any share of any
class or any other rights or warrants; or

        (c) of any reclassification of the Common Stock of the Company (other
than a subdivision or combination of its outstanding Common Stock or a change
from no par value to par value), or of any consolidation or merger to which the
Company is a party and for which approval of any shareholders of the Company is
required, or of the sale or transfer of all or substantially all of the assets
of the Company; or

        (d) of the voluntary or involuntary dissolution, liquidation or
winding-up of the Company;

        the Company shall mail to each holder of Warrants at its address
appearing on the Warrant Register as promptly as possible but in any event at
least ten (10) days prior to the applicable date hereinafter specified, a notice
stating (x) the date on which a record is to be taken for the purpose of such
dividend, distribution or rights or warrants, or, if a record is not to be
taken, the date as of which the holders of Common Stock of record to be entitled
to such dividend, distribution or rights are to be determined, or (y) the date
on which such reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding-up is expected to become effective or occur,
and the date as of which it is expected that holders of Common Stock of record
shall be entitled to exchange their Common Stock for securities or other
property deliverable upon such reclassification, consolidation, merger, sale,
transfer, dissolution, liquidation or winding-up. Failure to give such notice,
or any defect therein, shall not affect the legality or validity of such
dividend, distribution, reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding-up.

SECTION 12. LOST, STOLEN, MUTILATED OR DESTROYED WARRANTS. If this Warrant is
lost, stolen, mutilated or destroyed, the Company shall promptly, on receipt of
an indemnification undertaking or other form of security reasonably acceptable
to the Company (or in the case of a mutilated Warrant,

                                      -18-
<PAGE>
the Warrant), issue a new Warrant of like denomination and tenor as this Warrant
so lost, stolen, mutilated or destroyed. Notwithstanding the foregoing, if this
Warrant is lost by, stolen from or destroyed by the original holder hereof, the
affidavit of such original holder setting forth the circumstances of such loss,
theft or destruction shall be accepted as satisfactory evidence thereof, and no
indemnification bond or other security shall be required by the Company as a
condition to the execution and delivery by the Company of a new Warrant to such
original holder other than such original holder's unsecured written agreement to
indemnify the Company solely for losses actually incurred by the Company as a
direct consequence of the loss, theft or destruction of the Warrant.

SECTION 13. NOTICE. Any notices, consents, waivers or other communications
required or permitted to be given under the terms of this Warrant must be in
writing and will be deemed to have been delivered: (i) upon receipt, when
delivered personally; (ii) upon receipt, when sent by facsimile; or (iii) one
(1) Business Day after deposit with a nationally recognized overnight delivery
service, in each case properly addressed to the party to receive the same. If
notice is to be sent to the Company, the holder shall use its reasonable best
efforts to provide additional copies to the individuals listed below; provided,
however, that the failure of such holder to send such additional copies shall in
no way limit the effectiveness of any notice sent to the Company to the
attention of Chief Financial Officer as provided for below. The addresses and
facsimile numbers for such communications shall be:

               If to the Company:

                             Xicor, Inc.
                             1511 Buckeye Drive
                             Milpitas, California 95035-7431
                             Telephone: (408) 546-3507
                             Facsimile: (408) 546-3406
                             Attention: Ms. Gerri N. Hench,
                                        Vice President of Finance

               with a copy to:

                             Wilson Sonsini Goodrich & Rosati, P.C.
                             650 Page Mill Road
                             Palo Alto, California  94304
                             Telephone: (650) 320-4644
                             Facsimile: (650) 493-6811
                             Attention: Page Mailliard, Esq.
                                        Don S. Williams, Esq.

                                      -19-
<PAGE>
               If to the Transfer Agent:

                             American Stock Transfer & Trust Company
                             6201 15th Avenue, 3rd Floor
                             Brooklyn, New York  11219
                             Telephone: (212) 936-5100
                             Facsimile: (718) 921-8355
                             Attention: Joe Alicia

        If to a holder of this Warrant, to it at the address and facsimile
number set forth on the Schedule of Buyers to the Securities Purchase Agreement,
with copies to such holder's representatives as set forth on such Schedule of
Buyers, or at such other address and facsimile as shall be delivered to the
Company upon the issuance or transfer of this Warrant. Each party shall provide
five days' prior written notice to the other party of any change in address or
facsimile number. Written confirmation of receipt (A) given by the recipient of
such notice, consent, waiver or other communication, (B) mechanically or
electronically generated by the sender's facsimile machine containing the time,
date, recipient facsimile number and an image of the first page of such
transmission or (C) provided by a nationally recognized overnight delivery
service shall be rebuttable evidence of personal service, receipt by facsimile
or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

SECTION 14. AMENDMENTS. This Warrant and any term hereof may be amended,
changed, waived, discharged, or terminated only by an instrument in writing
signed by the Company and holders of a majority of Warrant Shares represented by
all Warrants. Such amendment, change, waiver, discharge or termination shall be
binding on the Company and all of the Warrant holder's assignees and
transferees; provided, however, that no such action may increase the Exercise
Price or decrease the number of shares or class of stock issuable upon exercise
of any Warrants without the written consent of the holder of such Warrant. No
waivers of any term, condition or provision of this Warrant in any one or more
instances shall be deemed to be or construed as a further or continuing waiver
of any such term, condition or provision.

SECTION 15. GOVERNING LAW; JURISDICTION; JURY TRIAL. The corporate laws of the
State of California shall govern all issues concerning the relative rights of
the Company and its shareholders. All other questions concerning the
construction, validity, enforcement and interpretation of this Warrant shall be
governed by the internal laws of the State of New York, without giving effect to
any choice of law or conflict of law provision or rule (whether of the State of
New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York. Each party hereby
irrevocably submits to the non-exclusive jurisdiction of the state and federal
courts sitting in the City of New York, borough of Manhattan, for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Warrant and agrees that
such service shall

                                      -20-
<PAGE>
constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. If any provision of this Warrant shall be
invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Warrant in that jurisdiction or the validity or enforceability
of any provision of this Warrant in any other jurisdiction. EACH PARTY HEREBY
IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY
TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR
ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

SECTION 16. DESCRIPTIVE HEADINGS. The headings of this Warrant are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                                      -21-
<PAGE>
        IN WITNESS WHEREOF, the Company has caused this Warrant to be duly
executed as of day and year first above written.

                                       "COMPANY"

                                       XICOR, INC.

                                       By:  /s/ Louis DiNardo
                                            ------------------------------------
                                       Its: Louis DiNardo, President and Chief
                                            Executive Officer
                                            ------------------------------------

                                      S-1
<PAGE>
                              EXHIBIT A TO WARRANT

                             FORM OF EXERCISE NOTICE

        The undersigned holder hereby exercises the right to purchase
______________ of the shares of Common Stock ("Warrant Shares") of XICOR, INC.,
a California corporation (the "Company"), evidenced by the attached Warrant (the
"Warrant"). Capitalized terms used herein and not otherwise defined shall have
the respective meanings set forth in the Warrant.

        1. Form of Exercise Price. The Holder intends that payment of the
Exercise Price shall be made as:

               ______  "Cash Exercise" with respect to ________ Warrant Shares;
                       and/or

               ______  "Cashless Exercise" with respect to ______ Warrant
                       Shares (to the extent permitted by the terms of the
                       Warrant).

        2. Payment of Exercise Price. In the event that the holder has elected a
Cash Exercise with respect to some or all of the Warrant Shares to be issued
pursuant hereto, the holder shall pay the sum of $___________________ to the
Company in accordance with the terms of the Warrant.

        3. Delivery of Warrant Shares. The holder of this warrant has sold or
will sell the shares of common stock issuable pursuant to this Notice pursuant
to a registration statement or an exemption from registration under the
Securities Act of 1933, as amended.

        4. Private Placement Representations. The holder of this Warrant
confirms the continuing validity of, and reaffirms as of the date hereof, its
representations and warranties set forth in Section 7 of the Warrant.

Date: _______________, ____

----------------------------------     -----------------------------------------
Name of Registered Holder              Tax ID of Registered Holder
                                       (if applicable)

By:
   -------------------------------
Its:
    ------------------------------

                                      A-1
<PAGE>
                                 ACKNOWLEDGMENT

        The Company hereby acknowledges this Exercise Notice and hereby directs
American Stock Transfer & Trust Company to issue the above indicated number of
shares of Common Stock in accordance with the Irrevocable Transfer Agent
Instructions dated November 19, 2001 from the Company and acknowledged and
agreed to by [_____________].

                                       XICOR, INC.

                                       By:
                                           -------------------------------------
                                       Its:
                                           -------------------------------------

                                       A-2

<PAGE>
                              EXHIBIT B TO WARRANT

                               FORM OF ASSIGNMENT

        FOR VALUE RECEIVED, the undersigned does hereby assign and transfer to
________________, Federal Identification No. __________, a warrant to purchase
____________ shares of the capital stock of XICOR, INC., a California
corporation, represented by warrant certificate no. _____, standing in the name
of the undersigned on the books of said corporation. The undersigned does hereby
irrevocably constitute and appoint ______________, attorney to transfer the
warrants of said corporation, with full power of substitution in the premises.

Dated:  _________, 200_

                                       -----------------------------------------
                                       By:
                                           -------------------------------------
                                       Its:
                                           -------------------------------------

                                      B-1<PAGE>
                                                                     EXHIBIT 4.3
================================================================================

                                  XICOR, INC.,

                                 as the Company

                            ROBERTSON STEPHENS, INC.,

                                  as Robertson

                                       and

                                     BUYERS,

                                as defined herein

                          REGISTRATION RIGHTS AGREEMENT

                          Dated as of November 16, 2001

                  5.5% Convertible Subordinated Notes due 2006

                      and Warrants to Purchase Common Stock

================================================================================

<PAGE>
                          REGISTRATION RIGHTS AGREEMENT

               THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement"), is entered
into as of November 16, 2001, by and among Xicor, Inc., a California corporation
(the "Company"), Robertson Stephens, Inc. ("Robertson") and the buyers listed on
the Schedule of Buyers attached hereto as Exhibit A (each, a "Buyer" and,
collectively, the "Buyers").

               THE PARTIES TO THIS AGREEMENT enter into this agreement on the
basis of the following facts, intentions and understanding:

               A. The Company and the Buyers entered into that certain
Securities Purchase Agreement of even date herewith (the "Securities Purchase
Agreement"), and, upon the terms and subject to the conditions of the Securities
Purchase Agreement, the Company has agreed (i) to issue and sell to the Buyers
an aggregate of up to (A) Forty-Five Million United States Dollars ($45,000,000)
of the Company's 5.5% Convertible Subordinated Notes due 2006 (such Convertible
Subordinated Notes, as the same may be amended, modified or supplemented from
time to time in accordance with the terms thereof (the "Notes"), which shall be
convertible into shares of common stock, no par value per share (the "Common
Stock") of the Company (as converted, the "Conversion Shares"), and (B) Warrants
(such Warrants, as the same may be amended, modified or supplemented from time
to time in accordance with the terms thereof, the "Buyer Warrants") to purchase
up to 1,203,208.555 shares of Common Stock (as exercised collectively, the
"Buyer Warrant Shares"), and (ii) to issue to Robertson Warrants (such Warrants,
as the same may be amended, modified or supplemented from time to time in
accordance with the terms thereof, the "Robertson Warrants" and, together with
the Buyer Warrants, the "Warrants") to purchase the number of shares of Common
Stock set forth on the Schedule of Fees attached as Exhibit D to the Securities
Purchase Agreement (as exercised collectively, the "Robertson Warrant Shares"
and, together with the Buyer Warrant Shares, the "Warrant Shares").

               B. To induce the Buyers to execute and deliver the Securities
Purchase Agreement and to induce Robertson to act as the Company's exclusive
placement agent, the Company has agreed to provide certain registration rights
to the Buyers and Robertson under the Securities Act of 1933, as amended, and
the rules and regulations thereunder, or any similar successor statute
(collectively, the "Securities Act"), and applicable state securities laws.

               NOW, THEREFORE, in consideration of the promises and the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company, Robertson
and each of the Buyers hereby agree as follows:

               SECTION 1. DEFINITIONS. As used in this Agreement, the following
terms shall have the following meanings:

               (a) "Business Day" means any day other than Saturday, Sunday or
any other day on which commercial banks in The City of New York are required by
law to remain closed.

<PAGE>
               (b) "Investor" means Robertson and each Buyer and any transferee
or assignee thereof to whom Robertson or a Buyer assigns its rights under this
Agreement and who agrees to become bound by the provisions of this Agreement in
accordance with Section 9 of this Agreement, and any subsequent transferee or
assignee thereof to whom a transferee or assignee assigns its rights under this
Agreement and who agrees to become bound by the provisions of this Agreement in
accordance with Section 9 of this Agreement.

               (c) "Person" means an individual, a limited liability company, a
partnership, a joint venture, a corporation, a trust, an unincorporated
organization or association and governmental or any department or agency
thereof.

               (d) "register," "registered," and "registration" means a
registration effected by preparing and filing one or more Registration
Statements (as defined below) in compliance with the Securities Act and pursuant
to Rule 415 under the Securities Act or any successor rule providing for
offering securities on a continuous or delayed basis ("Rule 415"), and the
declaration or ordering of effectiveness of such Registration Statements by the
United States Securities and Exchange Commission (the "Commission").

               (e) "Registrable Securities" means (i) the Conversion Shares
issued or issuable upon conversion of the Notes, (ii) the Warrant Shares issued
or issuable upon exercise of the Warrants, (iii) any shares of capital stock
issued or issuable with respect to the Conversion Shares, the Notes, the Warrant
Shares or the Warrants as a result of any stock split, stock dividend,
recapitalization, exchange or similar event or otherwise, without regard to any
limitations on conversions of the Notes or the exercise of the Warrants, and
(iv) any shares of capital stock of any entity issued in respect of the capital
stock referenced in the immediately preceding clauses (i), (ii) and (iii) as a
result of a merger, consolidation, sale of assets, sale or exchange of capital
stock or other similar transaction.

               (f) "Registration Statement" means a registration statement or
registration statements of the Company filed under the Securities Act and
covering all of the Registrable Securities.

               (g) Capitalized terms used herein and not otherwise defined
herein shall have the respective meanings set forth in the Securities Purchase
Agreement.

               SECTION 2. REGISTRATION.

               (a) Mandatory Registration. The Company shall use reasonable
efforts to prepare and, as soon as practicable but in no event later than
November 30, 2001 (the "Filing Deadline"), file with the Commission a
Registration Statement on Form S-3 covering the resale of all of the Registrable
Securities. In the event that Form S-3 is unavailable for such a registration,
the Company shall use such other form as is available for such a registration,
subject to the provisions of Section 2(d) of this Agreement. The Registration
Statement prepared pursuant hereto shall register for resale at least
4,356,283.4218762 shares of Common Stock issuable upon conversion of the Notes
and exercise of the Warrants by the Investors from time to time in accordance
with the methods of distribution elected by such Investors. The Company shall
use reasonable efforts to have the Registration Statement declared effective by
the Commission as

                                       2
<PAGE>
soon as practicable, but not later than January 15, 2002 (the "Effectiveness
Deadline"); provided, however, that if the Commission reviews the Registration
Statement and requires the Company to make modifications thereto, then the
Effectiveness Deadline shall be extended to February 28, 2002. In the event
that, after the Closing Date (as defined in the Securities Purchase Agreement)
and before the Registration Statement is declared effective, the offices of the
Commission are closed due to acts of God, war or terror, the Effectiveness
Deadline will be extended by a number of days equal to the days of any such
closure.

               (b) Allocation of Registrable Securities. The initial number of
Registrable Securities included in any Registration Statement and each increase
in the number of Registrable Securities included therein shall be allocated pro
rata among the Investors based on the number of Registrable Securities held by
each Investor at the time the Registration Statement covering such initial
number of Registrable Securities or increase thereof is declared effective by
the Commission. In the event that an Investor sells or otherwise transfers any
of such Investor's Registrable Securities, each transferee shall be allocated
the portion of the then remaining number of Registrable Securities included in
such Registration Statement allocable to the transferor. In no event shall the
Company include any securities other than Registrable Securities on any
Registration Statement without the prior written consent of the Investors
holding at least a majority of the Registrable Securities.

               (c) Legal Counsel. Subject to Section 5 of this Agreement, the
Investors holding at least a majority of the Registrable Securities shall have
the right to select one legal counsel to review and comment upon any
registration pursuant to this Agreement (the "Legal Counsel"), which the
Investors agree shall be O'Melveny & Myers LLP or such other counsel as
thereafter designated in writing by the holders of at least a majority of the
Registrable Securities. The Investors hereby waive any conflict of interest or
potential conflict of interest that may arise as a result of the representation
of such Investors by O'Melveny & Myers LLP in connection with the subject matter
of this Agreement. The provision will not prohibit Paul Hastings or Robinson
Silverman from reviewing and commenting on any registration filed pursuant to
this Agreement at no cost to the Company.

               (d) Ineligibility for Form S-3. If Form S-3 is not available for
the registration of the resale of Registrable Securities hereunder or the
Company is not permitted by the Securities Act or the Commission to use Form
S-3, then the Company shall (i) register the resale of the Registrable
Securities on another appropriate form reasonably acceptable to the holders of
at least a majority of the Registrable Securities and (ii) undertake to register
the Registrable Securities on Form S-3 as soon as such form is available;
provided, however, that the Company shall maintain the effectiveness of the
Registration Statement then in effect until such time as a Registration
Statement on Form S-3 covering all of the Registrable Securities has been
declared effective by the Commission.

               (e) Sufficient Number of Shares Registered. In the event the
number of shares registered under a Registration Statement filed pursuant to
Section 2(a) of this Agreement is insufficient to cover all of the Registrable
Securities or all of an Investor's allocated portion of the Registrable
Securities pursuant to Section 2(b) of this Agreement, the Company shall amend
the Registration Statement, or file a new Registration Statement (on the short
form available therefor, if applicable), or both, so as to cover at least one
hundred five percent (105%) of the

                                       3
<PAGE>
number of such Registrable Securities as of the trading day immediately
preceding the date of the filing of such amendment and/or new Registration
Statement, in each case, as soon as practicable, but in no event later than
fifteen (15) days after the necessity therefor arises. The Company shall use its
reasonable efforts to cause such amendment and/or new Registration Statement to
become effective as soon as practicable following the filing thereof. The
calculation of the number of shares sufficient to cover all of the Registrable
Securities shall be made without regard to any limitations on the conversion of
the Notes or the exercise of the Warrants, and such calculation shall assume
that all of the Notes are then convertible into, and all of the Warrants are
then exercisable for, shares of Common Stock at the then prevailing Conversion
Rate (as defined in the Notes) or Warrant Exercise Price (as defined in the
Warrants), as applicable.

               (f) Effect of Failure to File and Obtain and Maintain
Effectiveness of Registration Statement. If (i) a Registration Statement
covering all the Registrable Securities is not filed with the Commission on or
before the Filing Deadline or is not declared effective by the Commission on or
before the Effectiveness Deadline, (ii) a Registration Statement covering all of
the Registrable Securities required to be covered thereby, as described in
Section 2(e) of this Agreement, is not filed with the Commission on or before
the deadline described in Section 2(e) of this Agreement or is not declared
effective by the Commission on or before the deadline described in Section 2(e)
of this Agreement, (iii) on any day after such Registration Statement has been
declared effective by the Commission, sales of all of the Registrable Securities
required to be included on such Registration Statement cannot be made (other
than during an Allowable Grace Period (as defined in Section 3(n) of this
Agreement) pursuant to such Registration Statement (including, without
limitation, because of a failure to keep such Registration Statement effective,
to disclose such information as is necessary for sales to be made pursuant to
such Registration Statement or to register a sufficient number of shares of
Common Stock), or (iv) a Grace Period exceeds the length of an Allowable Grace
Period (each of the items described in clauses (i), (ii) and (iii) above shall
be referred to as a "Registration Delay"), then, as partial relief for the
damages to the Investors by reason of any such delay in or reduction of its
ability to sell the Registrable Securities (which remedy shall not be exclusive
of any other remedies available at law or in equity), the Company shall pay (1)
to each holder of the Notes or Conversion Shares an amount in cash equal to the
product of (i) the initial principal amount paid for such Note or the related
Conversion Shares multiplied by (ii) the product of (I) the percentage
determined by dividing (A) eight-tenths of one percent (0.8%) (except that such
number shall only be one-quarter percent (0.25%) during the first thirty (30)
days after the Effectiveness Deadline if the Effectiveness Deadline has been
extended to February 28, 2002 in accordance with Section 2(a) of this Agreement)
by (B) 30, multiplied by (II) the sum of (x) the number of days (including any
partial days) after the Filing Deadline or the deadline described in Section
2(e) of this Agreement, as applicable, that the Registration Statement is not
filed with the Commission, plus (y) the number of days (including any partial
days) after the Effectiveness Deadline or the deadline described in Section 2(e)
of this Agreement that the Registration Statement is not declared effective by
the Commission, plus (z) after the Registration Statement has been declared
effective by the Commission, the number of days (including any partial days)
that such Registration Statement is not available (other than during an
Allowable Grace Period) for the sale of all the Registrable Securities and (2)
to each holder of the Warrants or Warrant Shares an amount in cash equal to the
product of (i) the Exercise Price for such Warrant or the related Warrant Shares
multiplied by (ii) the product of (I) the percentage determined by dividing

                                       4
<PAGE>
(A) eight-tenths of one percent (0.8%) (except that such number shall only be
one-quarter percent (0.25%) during the first thirty (30) days after the
Effectiveness Deadline if the Effectiveness Deadline has been extended to
February 28, 2002 in accordance with Section 2(a) of this Agreement) by (B) 30,
multiplied by (II) the sum of (x) the number of days (including any partial
days) after the Filing Deadline or the deadline described in Section 2(e) of
this Agreement, as applicable, that the Registration Statement is not filed with
the Commission, plus (y) the number of days (including any partial days) after
the Effectiveness Deadline or the deadline described in Section 2(e) of this
Agreement, as applicable, that the Registration Statement is not declared
effective by the Commission, plus (z) after the Registration Statement has been
declared effective by the Commission, the number of days (including any partial
days) that such Registration Statement is not available (other than during an
Allowable Grace Period) for the sale of all Registrable Securities. The payments
to which a holder shall be entitled pursuant to this Section 2(f) are referred
to herein as "Registration Delay Payments." The Registration Delay Payments
shall be paid in cash on the earlier of (A) the last day of the calendar month
during which such Registration Delay Payments are incurred and (B) the third
Business Day after the event or failure giving rise to the Registration Delay
Payments is cured. In the event the Company fails to make Registration Delay
Payments in a timely manner, such Registration Delay Payments shall bear
interest at the rate of eight-tenths percent (0.8%) per month (prorated for
partial months) until paid in full.

               SECTION 3. RELATED OBLIGATIONS. At such time as the Company is
obligated to file a Registration Statement with the Commission pursuant to
Sections 2(a), 2(d) or 2(e) of this Agreement, the Company will use reasonable
efforts to effect the registration of all of the Registrable Securities in
accordance with the intended method of disposition thereof and, pursuant
thereto, the Company shall have the following obligations:

               (a) The Company shall promptly prepare and file with the
Commission a Registration Statement with respect to all of the Registrable
Securities (but in no event later than the applicable Filing Deadline) and use
its reasonable efforts to cause such Registration Statement relating to all of
the Registrable Securities required to be covered thereby to become effective as
soon as practicable after such filing (but in no event later than the applicable
Effectiveness Deadline). The Company shall, subject to the terms of this
Agreement, keep each Registration Statement effective pursuant to Rule 415 at
all times until the earlier of (i) the date as of which all of the Investors may
sell all of the Registrable Securities without restriction pursuant to Rule
144(k) (or the successor rule thereto) promulgated under the Securities Act or
(ii) the date on which all of the Investors shall have sold all of the
Registrable Securities (the "Registration Period"), which Registration
Statement, as of its filing and effective dates and each day thereafter
(including all amendments or supplements thereto, as of their respective filing
and effective dates and each day thereafter), shall not contain any untrue
statement of a material fact or omit to state a material fact required to be
stated therein, or necessary to make the statements therein, not misleading, and
the prospectus contained in such Registration Statement, as of its filing date
and each day thereafter (including all amendments and supplements thereto, as of
their respective filing dates and each day thereafter), shall not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated thereon, or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading.

                                       5
<PAGE>
               (b) Subject to Section 3(n) of this Agreement, the Company shall
prepare and file with the Commission such amendments (including post-effective
amendments) and supplements to the Registration Statement and the prospectus
used in connection with such Registration Statement, which prospectus is to be
filed pursuant to Rule 424 (or any successor rule thereto) promulgated under the
Securities Act, as may be necessary to keep such Registration Statement
effective at all times during the Registration Period, and, during such period,
comply with the provisions of the Securities Act. In the case of amendments and
supplements to a Registration Statement and the prospectus used in connection
with such Registration Statement which are required to be filed pursuant to this
Agreement (including pursuant to this Section 3(b)) by reason of the Company
filing a report on Form 10-K, Form 10-Q or Form 8-K or any analogous report
under the Securities Exchange Act of 1934, as amended, and the rules and
regulations thereunder, or any similar successor statute (the "Exchange Act"),
the Company shall have incorporated such report by reference into such
Registration Statement, if applicable, or shall file such amendments or
supplements with the Commission on the same day on which the Exchange Act report
is filed which created the requirement for the Company to amend or supplement
such Registration Statement and prospectus.

               (c) The Company shall permit Legal Counsel to review and comment
upon each Registration Statement, prospectus and all amendments and supplements
thereto at least one (1) Business Day prior to their filing with the Commission.
The Company shall furnish to the Investors and Legal Counsel, without charge,
(i) promptly after receipt of such correspondence, copies of all correspondence
from the Commission or the staff of the Commission to the Company or its
representatives relating to each Registration Statement, prospectus and all
amendments and supplements thereto, (ii) promptly after the same is prepared and
filed with the Commission, one (1) copy of each Registration Statement,
prospectus and all amendments and supplements thereto, including all exhibits
and financial statements related thereto, and (iii) promptly upon the
effectiveness of each Registration Statement and each amendment and supplement
thereto, one (1) copy of the prospectus included in each such Registration
Statement and all amendments and supplements thereto. The Company agrees that it
will, and it will cause its counsel to, consider in good faith any comments or
objections from Legal Counsel as to the form or content of each Registration
Statement, prospectus and all amendments or supplements thereto or any request
for acceleration of the effectiveness of each Registration Statement, prospectus
and all amendments or supplements thereto.

               (d) The Company shall furnish to each Investor whose Registrable
Securities are included in any Registration Statement, without charge to such
Investor, (i) promptly after the same is prepared and filed with the Commission,
at least one copy of such Registration Statement and all amendments and
supplements thereto, including all exhibits and financial statements and each
preliminary prospectus, (ii) upon the effectiveness of each Registration
Statement, such number of copies of the prospectus included in such Registration
Statement and all amendments and supplements thereto as such Investor may
reasonably request, and (iii) such other documents, including copies of any
preliminary or final prospectus, as such Investor may reasonably request from
time to time in order to facilitate the disposition of the Registrable
Securities.

               (e) Subject to Section 3(n) of this Agreement, the Company shall
use reasonable efforts to (i) promptly register and qualify, unless an exemption
from registration and

                                       6
<PAGE>
qualification applies, the resale of the Registrable Securities under such other
securities or "blue sky" laws of all applicable jurisdictions in the United
States as any holder of Registrable Shares reasonably requests in writing, (ii)
promptly prepare and file in those jurisdictions, such amendments (including
post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during
the Registration Period, (iii) promptly take such other actions as may be
reasonably necessary to maintain such registrations and qualifications in effect
at all times during the Registration Period, and (iv) promptly take all other
actions reasonably necessary or advisable to qualify the Registrable Securities
for sale in such jurisdictions; provided, however, that the Company shall not be
required in connection therewith or as a condition thereto to file a general
consent to service of process in any such jurisdiction, except in such
jurisdictions where the Company is subject to service of process. The Company
shall promptly notify each Investor who holds Registrable Securities and Legal
Counsel of the receipt by the Company of any notification with respect to the
suspension of the registration or qualification of any of the Registrable
Securities for sale under the securities or "blue sky" laws of any jurisdiction
in the United States or its receipt of notice of the initiation or threatening
of any proceeding for such purpose.

               (f) Notwithstanding anything to the contrary set forth herein, as
promptly as practicable after becoming aware of such event, the Company shall
notify each Investor and Legal Counsel in writing of the happening of any event
as a result of which (i) the Registration Statement or any amendment or
supplement thereto, as then in effect, includes an untrue statement of a
material fact or omission to state a material fact required to be stated therein
or necessary to make the statements therein not misleading or (ii) the
prospectus related to such Registration Statement or any amendment or supplement
thereto includes an untrue statement of a material fact or omission to state a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading, and, subject to Section 3(n) of this Agreement, promptly prepare a
supplement or amendment to such Registration Statement and prospectus to correct
such untrue statement or omission, and deliver such number of copies of such
supplement or amendment to each Investor and Legal Counsel as such Investor or
Legal Counsel may reasonably request. The Company shall also promptly notify
each Investor and Legal Counsel in writing (i) when a prospectus and each
prospectus supplement or amendment thereto has been filed, and when a
Registration Statement and each amendment (including post-effective amendments)
and supplement thereto has been declared effective by the Commission
(notification of such effectiveness shall be delivered to each Investor and
Legal Counsel by facsimile on the same day of such effectiveness and by
overnight mail), (ii) of any request by the Commission for amendments or
supplements to a Registration Statement or related prospectus or related
information, and (iii) of the Company's reasonable determination that an
amendment (including any post-effective amendment) or supplement to a
Registration Statement or prospectus would be appropriate (subject to Section
3(n) hereof).

               (g) Subject to Section 3(n) of this Agreement, the Company shall
use reasonable efforts to (i) prevent the issuance of any stop order or other
suspension of effectiveness of a Registration Statement, or the suspension of
the qualification of any of the Registrable Securities for sale in any
jurisdiction, (ii) if such an order or suspension is issued, obtain the
withdrawal of such order or suspension at the earliest practicable moment and
notify each holder of Registrable

                                       7
<PAGE>
Securities and Legal Counsel of the issuance of such order and the resolution
thereof or its receipt of notice of the initiation or threat of any proceeding
for such purpose.

               (h) The Company shall hold in confidence and not make any
disclosure of information concerning an Investor provided to the Company unless
(i) disclosure of such information is necessary to comply with United States
federal or state securities laws, (ii) the disclosure of such information is
necessary to avoid or correct a misstatement or omission in any Registration
Statement, prospectus or any amendment or supplement thereto, (iii) the release
of such information is ordered pursuant to a subpoena or other final,
non-appealable order from a court or governmental body of competent
jurisdiction, or (iv) such information has been made generally available to the
public other than by disclosure in violation of this Agreement or any other
agreement. The Company agrees that it shall, upon learning that disclosure of
such information concerning an Investor is sought in or by a court or
governmental body of competent jurisdiction or through other means, unless
ordered or requested by the SEC or other governmental authority not to do so,
give prompt written notice to such Investor and allow such Investor, at the
Investor's expense, to undertake appropriate action to prevent disclosure of, or
to obtain a protective order for, such information.

               (i) The Company shall use its best efforts to (i) cause all the
Registrable Securities to be listed on each securities exchange on which
securities of the same class or series issued by the Company are then listed, if
any, if the listing of such Registrable Securities is then permitted under the
rules of such exchange, or (ii) secure designation and quotation of all the
Registrable Securities on The Nasdaq National Market, or (iii) if the Company is
unsuccessful in satisfying the preceding clause (i) or (ii), to secure the
inclusion for quotation on The Nasdaq SmallCap Market for such Registrable
Securities and, without limiting the generality of the foregoing, to arrange for
at least two market makers to register with the National Association of
Securities Dealers, Inc. ("NASD") as such with respect to such Registrable
Securities. The Company shall pay all fees and expenses in connection with
satisfying its obligation under this Section 3(i).

               (j) In connection with any sale or transfer of Registrable
Securities pursuant to a Registration Statement, the Company shall cooperate
with the Investors who hold Registrable Securities being offered and, to the
extent applicable, facilitate the timely preparation and delivery of
certificates (not bearing any restrictive legend) representing the Registrable
Securities to be offered pursuant to a Registration Statement and enable such
certificates to be in such denominations or amounts, as the case may be, as the
Investors may reasonably request and, registered in such names as the Investors
may request.

               (k) If requested by an Investor, the Company shall (i) as soon as
practicable, incorporate in each prospectus supplement or post-effective
amendment to the Registration Statement such information as an Investor
reasonably requests to be included therein relating to the sale and distribution
of Registrable Securities, (ii) as soon as practicable, make all required
filings of such prospectus supplement or post-effective amendment after being
notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment, and (iii) as soon as practicable, supplement or make
amendments to any Registration Statement and prospectus if reasonably requested
by an Investor holding any Registrable Securities.

                                       8
<PAGE>
               (l) The Company shall comply with all applicable rules and
regulations of the Commission in connection with any registration hereunder.

               (m) Within two (2) Business Days after a Registration Statement
is ordered effective by the Commission, the Company shall deliver, and shall
cause legal counsel for the Company to deliver, to the transfer agent for the
Registrable Securities (with copies to the Investors whose Registrable
Securities are included in such Registration Statement) confirmation that such
Registration Statement has been declared effective by the Commission in the form
attached hereto as Exhibit B.

               (n) Notwithstanding anything to the contrary herein, at any time
after a Registration Statement has been declared effective by the Commission,
the Company may delay the disclosure of material non-public information
concerning the Company if the disclosure of such information at the time is not,
in the good faith judgment of the Board of Directors of the Company, in the best
interests of the Company (a "Grace Period"); provided, however, that the Company
shall promptly (i) notify the Investors in writing of the existence of material
non-public information giving rise to a Grace Period (provided that the Company
shall not disclose the content of such material non-public information to the
Investors) and the date on which the Grace Period will begin, and (ii) notify
the Investors in writing of the date on which the Grace Period ends; provided
further, that no single Grace Period shall exceed thirty (30) consecutive days,
during any three hundred sixty-five (365) day period, the aggregate of all of
the Grace Periods shall not exceed an aggregate of sixty (60) days and the first
day of any Grace Period must be at least two (2) trading days after the last day
of any prior Grace Period (an "Allowable Grace Period"). For purposes of
determining the length of a Grace Period, the Grace Period shall be deemed to
begin on and include the date the Investors receive the notice referred to in
clause (i) and shall end on and include the later of the date the Investors
receive the notice referred to in clause (ii) and the date referred to in such
notice; provided, however, that no Grace Period shall be longer than an
Allowable Grace Period. The provisions of Section 3(g) of this Agreement shall
not be applicable during the period of any Allowable Grace Period. Upon
expiration of the Grace Period, the Company shall again be bound by the first
sentence of Section 3(f) of this Agreement.

               SECTION 4. OBLIGATIONS OF THE INVESTORS.

               (a) At least seven (7) Business Days prior to the first
anticipated filing date of a Registration Statement, the Company shall notify
each Investor in writing of the information the Company requires from each such
Investor if such Investor elects to have any of such Investor's Registrable
Securities included in such Registration Statement. It shall be a condition
precedent to the obligations of the Company to complete the registration
pursuant to this Agreement with respect to the Registrable Securities of a
particular Investor that such Investor shall furnish to the Company such
information regarding itself, the Registrable Securities held by it and the
intended method of disposition of the Registrable Securities held by it as shall
be reasonably required to effect the effectiveness of the registration of such
Registrable Securities and shall execute such documents in connection with such
registration as the Company may reasonably request. Each Investor shall promptly
notify the Company of any material change with respect to such information
previously provided to the Company by such Investor.

                                       9
<PAGE>
               (b) Each Investor agrees to cooperate with the Company as
reasonably requested by the Company in connection with the preparation and
filing of any Registration Statement hereunder, unless such Investor has
notified the Company in writing of such Investor's election to exclude all of
such Investor's Registrable Securities from such Registration Statement, in
which case, such Investor does not need to cooperate with the Company until it
notifies the Company of its desire to include one or more share of the
Registrable Securities in such Registration Statement.

               (c) Each Investor agrees that, upon receipt of any notice from
the Company of the happening of any event of the kind described in Sections 3(g)
or 3(n) of this Agreement or the first sentence of Section 3(f) of this
Agreement, such Investor will immediately discontinue disposition of Registrable
Securities pursuant to any Registration Statements covering such Registrable
Securities until such Investor's receipt of the copies of the amended or
supplemented prospectus contemplated by Section 3(g) of this Agreement or the
first sentence of Section 3(f) of this Agreement or receipt of notice that no
amendment or supplement is required and, if so directed by the Company, such
Investor shall deliver to the Company (at the expense of the Company) or destroy
(and deliver to the Company a certificate of destruction) all copies of the
prospectus covering such Registrable Securities current at the time of receipt
of such notice (other than a single file copy, which such Investor may keep) in
such Investor's possession. Notwithstanding anything to the contrary in this
Agreement, the Company shall cause its transfer agent to deliver unlegended
shares of Common Stock to a transferee of an Investor in accordance with the
terms of the Securities Purchase Agreement, the Notes, and/or the Warrant, as
applicable, in connection with any sale of Registrable Securities with respect
to which an Investor has entered into a contract for sale prior to the
Investor's receipt of a notice from the Company of the happening of any event of
the kind described in Section 3(g) of this Agreement or the first sentence of
Section 3(f) of this Agreement and for which the Investor has not yet settled.

               SECTION 5. EXPENSES OF REGISTRATION. All expenses, other than
underwriting discounts and commissions, incurred in connection with
registrations, filings or qualifications pursuant to Sections 2 and 3 of this
Agreement, including, without limitation, all registration, listing and
qualifications fees, printers and accounting fees, and fees and disbursements of
counsel for the Company shall be paid by the Company. The Company shall also
reimburse the Investors for the fees and disbursements of Legal Counsel in
connection with registration, filing or qualification pursuant to Sections 2 and
3 of this Agreement which amount shall be limited to Ten Thousand Dollars
($10,000) for each Registration Statement. In addition, the Company shall pay
all of the Investors' reasonable costs (including fees and disbursements of
Legal Counsel) incurred in connection with the successful enforcement of the
Investors' rights under this Agreement.

               SECTION 6. INDEMNIFICATION. In the event any Registrable
Securities are included in a Registration Statement under this Agreement:

               (a) To the fullest extent permitted by law, the Company will, and
hereby does, indemnify, hold harmless and defend each Investor, the directors,
officers, members, partners, employees, agents, representatives of, and each
Person, if any, who controls any Investor within the meaning of the Securities
Act or the Exchange Act (each, an "Indemnified Person"), against

                                       10
<PAGE>
any losses, claims, damages, liabilities, judgments, fines, penalties, charges,
costs, reasonable attorneys' fees, amounts paid in settlement or expenses, joint
or several, (collectively, "Claims") incurred in investigating, preparing or
defending any action, claim, suit, inquiry, proceeding, investigation or appeal
taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency, body or the Commission, whether pending or
threatened, whether or not an indemnified party is or may be a party thereto
("Indemnified Damages"), to which any of them may become subject insofar as such
Claims (or actions or proceedings, whether commenced or threatened, in respect
thereof) arise out of or are based upon (i) any untrue statement or alleged
untrue statement of a material fact in a Registration Statement or any amendment
(including post-effective amendments) or supplement thereto or in any filing
made in connection with the qualification of the offering under the securities
or other "blue sky" laws of any jurisdiction in which Registrable Securities are
offered ("Blue Sky Filing"), or the omission or alleged omission to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading, (ii) any untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus if used prior to the
effective date of such Registration Statement, or contained in the final
prospectus (as amended or supplemented, if any) or the omission or alleged
omission to state therein any material fact necessary to make the statements
made therein, in light of the circumstances under which the statements therein
were made, not misleading, (iii) any violation or alleged violation by the
Company of the Securities Act, the Exchange Act, any other law, including,
without limitation, any state securities law, or any rule or regulation
thereunder relating to the offer or sale of the Registrable Securities pursuant
to a Registration Statement, or (iv) any material violation of this Agreement by
the Company or its directors and officers on behalf of the Company (the matters
in the foregoing clauses (i) through (iv) being, collectively, "Violations").
Subject to Section 6(c) of this Agreement, the Company shall reimburse the
Indemnified Persons, promptly as such expenses are incurred and are due and
payable, for any legal fees or other reasonable expenses incurred by them in
connection with investigating or defending any such Claim. Notwithstanding
anything to the contrary contained herein, the indemnification agreement
contained in this Section 6(a): (i) shall not apply to a Claim by an Indemnified
Person arising out of or based upon a Violation which occurs in reliance upon
and in conformity with information furnished in writing to the Company by such
Indemnified Person for such Indemnified Person expressly for use in connection
with the preparation of the Registration Statement or any such amendment thereof
or supplement thereto; (ii) shall not be available to the extent such Claim is
based on a failure of the Investor to deliver or to cause to be delivered the
prospectus made available by the Company, including a corrected prospectus, if
such prospectus or corrected prospectus was timely made available by the Company
pursuant to Section 3(d) of this Agreement; and (iii) shall not apply to amounts
paid in settlement of any Claim if such settlement is effected without the prior
written consent of the Company, which consent shall not be unreasonably withheld
or delayed. Such indemnity shall remain in full force and effect regardless of
any investigation made by or on behalf of the Indemnified Person and shall
survive the transfer of the Registrable Securities by the Investors pursuant to
Section 9 of this Agreement.

               (b) In connection with any Registration Statement in which an
Investor is participating, each such Investor agrees to severally and not
jointly indemnify, hold harmless and defend, to the same extent and in the same
manner as is set forth in Section 6(a) of this Agreement, the Company, each of
its directors, each of its officers who signs the Registration

                                       11
<PAGE>
Statement and each Person, if any, who controls the Company within the meaning
of the Securities Act or the Exchange Act (each, an "Indemnified Party"),
against any Claims or Indemnified Damages to which any of them may become
subject, under the Securities Act, the Exchange Act or otherwise, insofar as
such Claims or Indemnified Damages arise out of or are based upon any Violation
(including for purposes of this paragraph, a material violation of this
Agreement by the Investor), in each case to the extent, and only to the extent,
that such Violation occurs in reliance upon and in conformity with written
information furnished to the Company by such Investor expressly for use in
connection with such Registration Statement and, subject to Section 6(c) of this
Agreement, such Investor will reimburse any legal or other expenses reasonably
incurred by an Indemnified Party in connection with investigating or defending
any such Claim; provided, however, that the indemnity agreement contained in
this Section 6(b) and the agreement with respect to contribution contained in
Section 7 of this Agreement shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of such
Investor, which consent shall not be unreasonably withheld or delayed; provided,
further, that the Investor shall be liable under this Section 6(b) for only that
amount of the Claims and Indemnified Damages as does not exceed the net proceeds
to such Investors as a result of the sale of Registrable Securities pursuant to
such Registration Statement. Such indemnification agreement shall remain in full
force and effect regardless of any investigation made by or on behalf of such
Indemnified Party and shall survive the transfer of the Registrable Securities
by the Investors pursuant to Section 9 of this Agreement. Notwithstanding
anything to the contrary contained herein, the indemnification agreement
contained in this Section 6(b) shall not inure to the benefit of any Indemnified
Party if the untrue statement or omission of material fact contained in the
preliminary prospectus was corrected on a timely basis in the prospectus, as
then amended or supplemented.

               (c) Promptly after an Indemnified Person or Indemnified Party
under this Section 6 has knowledge of any Claim as to which such Indemnified
Person reasonably believes indemnity may be sought or promptly after such
Indemnified Person or Indemnified Party receives notice of the commencement of
any action or proceeding (including any governmental action or proceeding)
involving a Claim, such Indemnified Person or Indemnified Party shall, if a
Claim in respect thereof is to be made against any indemnifying party under this
Section 6, deliver to the indemnifying party a written notice of such Claim, and
the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or
the Indemnified Party, as the case may be; provided, however, that an
Indemnified Person or Indemnified Party shall have the right to retain its own
counsel if, in the reasonable opinion of counsel retained by the indemnifying
party, the representation by such counsel of the Indemnified Person or
Indemnified Party and the indemnifying party would be inappropriate due to
actual or potential differing interests between such Indemnified Person or
Indemnified Party and any other party represented by such counsel in such
proceeding; provided, further, that the indemnifying party shall not be
responsible for the reasonable fees and expense of more than one (1) separate
legal counsel for such Indemnified Person or Indemnified Party. In the case of
an Indemnified Person, the legal counsel referred to in the immediately
preceding sentence shall be selected by the Investors holding at least a
majority in interest of the Registrable Securities included in the Registration
Statement to which the Claim relates. The Indemnified Party or Indemnified
Person shall cooperate fully with the indemnifying party in connection with any

                                       12
<PAGE>
negotiation or defense of any such action or Claim by the indemnifying party and
shall furnish to the indemnifying party all information reasonably available to
the Indemnified Party or Indemnified Person which relates to such action or
Claim. The indemnifying party shall keep the Indemnified Party or Indemnified
Person fully apprised at all times as to the status of the defense or any
settlement negotiations with respect thereto. No indemnifying party shall be
liable for any settlement of any action, claim or proceeding effected without
its prior written consent; provided, however, that the indemnifying party shall
not unreasonably withhold, delay or condition its consent. No indemnifying party
shall, without the prior written consent of the Indemnified Party or Indemnified
Person, consent to entry of any judgment or enter into any settlement or other
compromise which does not include as an unconditional term thereof the giving by
the claimant or plaintiff to such Indemnified Party or Indemnified Person of a
full release from all liability in respect to such Claim and action and
proceeding. After indemnification as provided for under this Agreement, the
rights of the indemnifying party shall be subrogated to all rights of the
Indemnified Party or Indemnified Person with respect to all third parties, firms
or corporations relating to the matter for which indemnification has been made.
The failure to deliver written notice to the indemnifying party as provided in
this Agreement shall not relieve such indemnifying party of any liability to the
Indemnified Person or Indemnified Party under this Section 6, except to the
extent that the indemnifying party is prejudiced in its ability to defend such
action.

               (d) The indemnification required by this Section 6 shall be made
by periodic payments of the amount thereof during the course of the
investigation or defense, as and when bills are received or Indemnified Damages
are incurred.

               (e) The indemnity agreements contained herein shall be in
addition to (i) any cause of action or similar right of the Indemnified Party or
Indemnified Person against the indemnifying party or others, and (ii) any
liabilities the indemnifying party may be subject to pursuant to the law.

               SECTION 7. CONTRIBUTION. To the extent any indemnification by an
indemnifying party is prohibited or limited by law, the indemnifying party
agrees to make the maximum contribution with respect to any amounts for which it
would otherwise be liable under Section 6 of this Agreement to the fullest
extent permitted by law; provided, however, that: (i) no contribution shall be
made under circumstances where the maker would not have been liable for
indemnification under the fault standards set forth in Section 6 of this
Agreement, (ii) no Person involved in the sale of Registrable Securities which
Person is guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) in connection with such sale shall be entitled to
contribution from any Person involved in such sale of Registrable Securities who
was not guilty of fraudulent misrepresentation, and (iii) contribution by any
seller of Registrable Securities shall be limited in amount to the net amount of
proceeds received by such seller from the sale of such Registrable Securities
pursuant to such Registration Statement. The provisions of this Section 7 shall
remain in full force and effect, regardless of the investigation made by or on
behalf of the beneficiaries of this Section 7 and shall survive the transfer of
Registrable Securities by the Investors pursuant to Section 9 of this Agreement.

               SECTION 8. REPORTING.

                                       13
<PAGE>
               (a) Reports Under The Exchange Act. With a view to making
available to the Investors the benefits of Rule 144 promulgated under the
Securities Act or any other similar rule or regulation of the Commission that
may at any time permit the Investors to sell securities of the Company to the
public without registration ("Rule 144"), the Company shall use its best efforts
to:

                             (1) make and keep public information available, as
               those terms are understood and defined in Rule 144;

                             (2) file with the Commission in a timely manner all
               reports and other documents required of the Company under the
               Securities Act and the Exchange Act; and

                             (3) furnish to each Investor, so long as such
               Investor owns Registrable Securities, promptly upon request, (A)
               a written statement by the Company, if true, that it has complied
               with the applicable reporting requirements of Rule 144, the
               Securities Act and the Exchange Act, (B) a copy of the most
               recent annual or quarterly report of the Company and copies of
               such other reports and documents so filed by the Company, and (C)
               such other information as may be reasonably requested to permit
               the Investors to sell such securities pursuant to Rule 144
               without registration.

               (b) Rule 144A Information. The Company shall, upon request of any
Investor, make available to such Investor the information required by Rule
144A(d)(4) (or any successor rule) under the Securities Act.

               SECTION 9. ASSIGNMENT OF REGISTRATION RIGHTS. The rights under
this Agreement shall be automatically assignable by the Investors to any
transferee of all or any portion of such Investor's Registrable Securities if:
(i) the Investor agrees in writing with the transferee or assignee to assign
such rights, and a copy of such agreement is furnished to the Company within a
reasonable time after such assignment; (ii) the Company is, within a reasonable
time after such transfer or assignment, furnished with written notice of (a) the
name and address of such transferee or assignee, and (b) the securities with
respect to which such rights are being transferred or assigned; (iii)
immediately following such transfer or assignment, the further disposition of
such securities by the transferee or assignee is restricted under the Securities
Act and applicable state securities laws; (iv) at or before the time the Company
receives the written notice contemplated by clause (ii) of this sentence, the
transferee or assignee agrees in writing with the Company to be bound by all of
the obligations of an Investor under this Agreement; (v) such transfer shall
have been made in accordance with the applicable requirements of the Securities
Purchase Agreement, the Notes and the Warrants; and (vi) such transfer shall
have been conducted in accordance with all applicable federal and state
securities laws.

               SECTION 10. AMENDMENT OF REGISTRATION RIGHTS. Any provision of
this Agreement may be amended and the observance of any provision of this
Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company
and Investors who then hold at least a majority of the

                                       14
<PAGE>
Registrable Securities. Any amendment or waiver effected in accordance with this
Section 10 shall be binding upon each Investor and the Company. No such
amendment shall be effective to the extent that it applies to less than all of
the holders of the Registrable Securities. No consideration shall be offered or
paid to any Person to amend or consent to a waiver or modification of any
provision of any of this Agreement unless the same consideration also is offered
to all of the parties to this Agreement.

               SECTION 11. MISCELLANEOUS.

               (a) A Person is deemed to be a holder of Registrable Securities
whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or
elections from two or more Persons with respect to the same Registrable
Securities, the Company shall act upon the basis of instructions, notice or
election received from such record owner of such Registrable Securities.

               (b) Any notices, consents, waivers or other communications
required or permitted to be given under the terms of this Agreement must be in
writing and will be deemed to have been delivered: (i) upon receipt, when
delivered personally; (ii) upon receipt, when sent by facsimile; or (iii) one
(1) Business Day after deposit with a nationally recognized overnight delivery
service, in each case properly addressed to the party to receive the same. The
addresses and facsimile numbers for such communications shall be:

                      If to the Company:

                                    Xicor, Inc.
                                    1511 Buckeye Drive
                                    Milpitas, California  95035-7431
                                    Telephone:  (408) 546-3507
                                    Facsimile:  (408) 546-3406
                                    Attention:  Ms. Gerri N. Hench,
                                                Vice President of Finance

                      with a copy to:

                                    Wilson Sonsini Goodrich & Rosati, P.C.
                                    650 Page Mill Road
                                    Palo Alto, California  94304
                                    Telephone:   (650) 320-4644
                                    Facsimile:   (650) 493-6811
                                    Attention:   Page Mailliard, Esq.
                                                 Don S. Williams, Esq.

                      If to Robertson Stephens:

                                    Robertson Stephens, Inc.
                                    555 California Street
                                    Suite 2600

                                       15
<PAGE>
                                    San Francisco, California  94101
                                    Telephone: (415) 676-2971
                                    Facsimile: (415) 676-2960
                                    Attention:   Mr. David Fullerton
                                                 Mr. Matt Seedorf
                                                 Mr. Jim Anderson

                      with a copy to:

                                    O'Melveny & Myers LLP
                                    275 Battery Street, Suite 2600
                                    San Francisco, California  94111
                                    Telephone:  (415) 984-8833
                                    Facsimile:  (415) 984-8701
                                    Attention:  Peter T. Healy, Esq.

                      If to Legal Counsel:

                                    O'Melveny & Myers LLP
                                    275 Battery Street, Suite 2600
                                    San Francisco, California  94111
                                    Telephone:  (415) 984-8833
                                    Facsimile:  (415) 984-8701
                                    Attention:  Peter T. Healy, Esq.

        If to a Buyer, to its address and facsimile number set forth on the
        Schedule of Buyers attached hereto as Exhibit A, with copies to such
        Buyer's representatives as set forth on the Schedule of Buyers, or to
        such other address and/or facsimile number and/or to the attention of
        such other Person as the recipient party has specified by written notice
        given to each other party five (5) days prior to the effectiveness of
        such change. Written confirmation of receipt (A) given by the recipient
        of such notice, consent, waiver or other communication, (B) mechanically
        or electronically generated by the sender's facsimile machine containing
        the time, date, recipient facsimile number and an image of the first
        page of such transmission, or (C) provided by a courier or overnight
        courier service shall be rebuttable evidence of personal service,
        receipt by facsimile or receipt from a nationally recognized overnight
        delivery service in accordance with clause (i), (ii) or (iii) above,
        respectively.

               (c) Failure of any party to exercise any right or remedy under
this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.

               (d) All questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by the
internal laws of the State of New York, without giving effect to any choice of
law or conflict of law provision or rule (whether of the State of New York or
any other jurisdictions) that would cause the application of the laws of any
jurisdictions other than the State of New York. Each party hereby irrevocably
submits to the

                                       16
<PAGE>
non-exclusive jurisdiction of the state and federal courts sitting the City of
New York, borough of Manhattan, for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under
this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.
If any provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the
validity or enforceability of any provision of this Agreement in any other
jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND
AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY.

               (e) This Agreement, the Securities Purchase Agreement, the Notes,
the Warrants and the documents referenced herein and therein constitute the
entire agreement among the parties hereto with respect to the subject matter
hereof and thereof. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein and therein. This
Agreement, the Securities Purchase Agreement, the Notes and the Warrants
supersede all prior agreements and understandings among the parties hereto with
respect to the subject matter hereof and thereof.

               (f) Subject to the requirements of Section 9 of this Agreement,
this Agreement shall inure to the benefit of and be binding upon the permitted
successors and assigns of each of the parties hereto.

               (g) The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

               (h) This Agreement may be executed in identical counterparts,
each of which shall be deemed an original but all of which shall constitute one
and the same agreement. This Agreement, once executed by a party, may be
delivered to the other parties hereto by facsimile transmission of a copy of
this Agreement bearing the signature of the party so delivering this Agreement.

               (i) Each party shall do and perform, or cause to be done and
performed, all such further acts and things, and shall execute and deliver all
such other agreements, certificates, instruments and documents, as the other
party may reasonably request in order to carry out the intent and accomplish the
purposes of this Agreement and the consummation of the transactions contemplated
hereby.

                                       17
<PAGE>
               (j) All consents and other determinations required to be made by
the Investors pursuant to this Agreement shall be made, unless otherwise
specified in this Agreement, by Investors holding at least a majority of the
Registrable Securities, determined as if all of the Notes held by Investors then
outstanding have been converted into Registrable Securities and all Warrants
then outstanding have been exercised for Registrable Securities without regard
to any limitations on conversion of the Notes or on exercise of the Warrants.

               (k) The language used in this Agreement will be deemed to be the
language chosen by the parties to express their mutual intent and no rules of
strict construction will be applied against any party.

               (l) This Agreement is intended for the benefit of the parties
hereto and their respective permitted successors and assigns, and is not for the
benefit of, nor may any provision hereof be enforced by, any other Person.

                                       18
<PAGE>
               IN WITNESS WHEREOF, the parties have caused this Registration
Rights Agreement to be duly executed as of day and year first above written.

                                       "COMPANY"

                                       XICOR, INC.

                                       By:  /s/ Louis DiNardo
                                            ------------------------------------
                                       Its: Louis DiNardo, President and Chief
                                            Executive Officer
                                            ------------------------------------

                                       "ROBERTSON"

                                       ROBERTSON STEPHENS, INC.

                                       By:  /s/ Brendan Dyson
                                            ------------------------------------
                                            Its: Managing Director
                                                 -------------------------------
                                                 Head of Convertible Securities

                    [Signatures of Buyers on Following Page]

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                       FRANKLIN SMALL CAP GROWTH FUND II
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ David P. Goss
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: David P. Goss
                                           -------------------------------------
                                      Title: Vice President
                                            ------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                       FRANKLIN CONVERTIBLE SECURITIES FUND
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ David P. Goss
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: David P. Goss
                                           -------------------------------------
                                      Title: Vice President
                                            ------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                      "BUYER"

                                       FRANKLIN AGGRESSIVE GROWTH FUND
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ David P. Goss
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: David P. Goss
                                           -------------------------------------
                                      Title: Vice President
                                            ------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                       FRANKLIN CALIFORNIA GROWTH FUND
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ David P. Goss
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: David P. Goss
                                           -------------------------------------
                                      Title: Vice President
                                            ------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                        The Northwestern Mutual Life
                                        Insurance Company
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ Jerome R. Baier
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: Jerome R. Baier
                                           -------------------------------------
                                      Its:  Authorized Representative
                                          --------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                      "BUYER"

                                       Levco Alternative Fund, Ltd.
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ Norris Nissim
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: Norris Nissim
                                           -------------------------------------
                                      Its: VP & General Counsel,
                                          --------------------------------------
                                           John A. Levin & Co., Inc.
                                          --------------------------------------
                                           Investment Manager
                                          --------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                                   "BUYER"

                                       Purchase Associates, L.P.
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ Norris Nissim
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: Norris Nissim
                                           -------------------------------------
                                      Its:  VP & General Counsel
                                           -------------------------------------
                                            Levco GP, Inc.
                                           -------------------------------------
                                            Managing General Partner
                                           -------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                        Pine Ridge Financial, Inc.
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ Kenneth Henderson
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: Kenneth Henderson
                                           -------------------------------------
                                      Its: Attorney-in-fact
                                          --------------------------------------

<PAGE>
                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

                                       "BUYER"

                                       First Investors Holding Co., Inc.
                                       -----------------------------------------
                                           (print full legal name of Buyer)

                                       By: /s/ Kenneth Henderson
                                          --------------------------------------
                                                  (signature of authorized
                                                       representative)

                                      Name: Kenneth Henderson
                                           -------------------------------------
                                      Its: Attorney-in-fact
                                          --------------------------------------

<PAGE>
<TABLE>
<S>                                                                            <C>
SECTION 1.   Definitions.........................................................1

SECTION 2.   Registration........................................................2

SECTION 3.   Related Obligations.................................................5

SECTION 4.   Obligations Of The Investors........................................9

SECTION 5.   Expenses Of Registration...........................................10

SECTION 6.   Indemnification....................................................10

SECTION 7.   Contribution.......................................................13

SECTION 8.   Reporting..........................................................13

SECTION 9.   Assignment of Registration Rights..................................14

SECTION 10.  Amendment of Registration Rights...................................14

SECTION 11.  Miscellaneous......................................................15

EXHIBIT A    Schedule of Buyers...........................................[omitted]

EXHIBIT B    Form of Notice of Effectiveness of Registration Statement....[omitted]

</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]