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AMENDED AND RESTATED  

 STANDSTILL AND STOCK RESTRICTION AGREEMENT  

 by and among  

 COMMERCE ONE, INC.,  

 NEW COMMERCE ONE HOLDING, INC.  

 and  

 SAP AG  

 JUNE 28, 2001  

  

 
 

TABLE OF CONTENTS    
  

	 
	 	 
	 	Page

	ARTICLE I DEFINITIONS	 	1
	

ARTICLE II STANDSTILL OBLIGATIONS AND TRANSFER RESTRICTIONS	
 	

6
	 	

2.1	
 	

The Purchaser's Standstill Obligations	
 	

6
	 	2.2	 	The Purchaser's Transfer Restrictions	 	7
	 	2.3	 	Company Notice to Purchaser	 	10
	

ARTICLE III VOTING OBLIGATIONS	
 	

10
	 	

3.1	
 	

The Purchaser's Voting Obligations	
 	

10
	

ARTICLE IV MISCELLANEOUS	
 	

10
	 	

4.1	
 	

Governing Law; Jurisdiction and Venue	
 	

10
	 	4.2	 	Survival	 	11
	 	4.3	 	Assignment	 	11
	 	4.4	 	Third Party Beneficiaries	 	11
	 	4.5	 	Entire Agreement; Amendment	 	11
	 	4.6	 	Notices, etc	 	12
	 	4.7	 	Delays or Omissions	 	12
	 	4.8	 	Expenses	 	12
	 	4.9	 	Specific Performance	 	12
	 	4.10	 	Stop Transfer Orders; Legends	 	12
	 	4.11	 	Further Assurances	 	12
	 	4.12	 	Facsimile; Counterparts	 	12
	 	4.13	 	Severability	 	12
	 	4.14	 	Interpretation	 	12
	 	4.15	 	Attorneys' Fees	 	13

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EXECUTION COPY  

  
 
AMENDED AND RESTATED STANDSTILL AND STOCK RESTRICTION AGREEMENT    
  

    This Amended and Restated Standstill and Stock Restriction Agreement (hereinafter the "Agreement") is made as of June 28, 2001 by and between Commerce
One, Inc., a Delaware corporation (the "Company"), New Commerce One Holding, Inc., a Delaware corporation ("New Commerce One Holding") and SAP Aktiengesellschaft, a stock corporation
incorporated under the laws of the Federal Republic of Germany (the "Purchaser"). 

    WHEREAS,
subject to the terms and conditions of the Share Purchase Agreement by and between the Company and SAP AG dated June 14, 2000 (the "Prior Share Purchase Agreement) the
Company sold shares of its common stock to the Purchaser. 

    WHEREAS,
in connection with the Prior Share Purchase Agreement, the Company and the Purchaser entered into, and are a party to, that certain Standstill and Stock Restriction Agreement
dated as of June 14, 2000 (the "Prior Standstill and Stock Restriction Agreement"). 

    WHEREAS,
subject to the terms and conditions of the Share Purchase Agreement, of even date herewith, by and between the Company and the Purchaser (the "Share Purchase Agreement"), the
Company has agreed to sell additional shares of its common stock to the Purchaser. 

    WHEREAS,
as a condition precedent to the Company entering into the Purchase Agreement and completing the purchase contemplated therein, simultaneously with entering into the Share
Purchase Agreement, the parties have agreed to amend and restate in its entirety the Prior Standstill and Stock Restriction Agreement; 

    WHEREAS,
New Commerce One Holding will assume all of the rights and obligations of Commerce One hereunder upon the consummation of the reorganization of Commerce One into a holding
company structure with New Commerce One Holding as the publicly-traded holding company; and 

    NOW
THEREFORE, in consideration of the covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereby agree, effective upon the Closing (as defined in the Share Purchase Agreement) the
Prior Standstill and Stock Restriction Agreement is hereby amended and restated in its entirety as set forth herein. 

 
 

ARTICLE I
  DEFINITIONS    
  

    For the purpose of this Agreement, the following terms shall have the meanings specified with respect thereto below: 

    "Affiliate"
shall have the meaning set forth in Rule 12b-2 of the rules and regulations promulgated under the Exchange Act; provided,
however, that for purposes of this Agreement, the Purchaser and its Affiliates, on the one hand, and the Company and its Affiliates, on the other, shall not be deemed to be
"Affiliates" of one another. 

    "Beneficially
Own," "Beneficially Owned," or "Beneficial Ownership" shall have the meaning set forth in Rule 13d-3 of the rules and regulations promulgated under
the Exchange Act. 

    "Board
Approval" shall mean the affirmative vote of a majority of the Disinterested Directors of the Company or a unanimous written consent of the Board of Directors of the Company
duly obtained in accordance with the applicable provisions of the Company's certificate of incorporation, bylaws and applicable law. 

    "Change
in Control of the Company" shall mean any of the following: (i) a merger, consolidation or other business combination or transaction to which the Company is a party if
the stockholders of the 

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Company immediately prior to the effective date of such merger, consolidation or other business combination or transaction, as a result of such share ownership, have Beneficial Ownership of voting
securities representing less than 50% of the Total Current Voting Power of the surviving entity following such merger, consolidation or other business combination or transaction; (ii) an
acquisition by any person, entity or 13D Group of direct or indirect Beneficial Ownership of Voting Stock of the Company resulting in such person, entity or 13D Group having direct or indirect
Beneficial Ownership of 50% or more of the Total Current Voting Power of the Company; (iii) an acquisition by any Competitor of direct or indirect Beneficial Ownership of Voting Stock of the
Company resulting in such Competitor having director indirect Beneficial Ownership of 15% or more of the Total Current Voting Power of the Company; (iv) a sale of all or substantially all of
the assets of the Company; (v) a liquidation or dissolution of the Company; (vi) the institution of any proceeding by or against the Company under the provisions of any insolvency or
bankruptcy law which is not dismissed within ninety
(90) days, the appointment of a receiver of a material portion of the assets or property of the Company, or the issuance of an order for an execution on a material portion of the property of
the Company pursuant to a judgment which is not dismissed within ninety (90) days; or (vii) during any period of two consecutive years, individuals who at the beginning of such period
constituted the Board of Directors of the Company (together with any new directors whose election by such Board of Directors or whose nomination for election by the stockholders of the Company was
approved by a vote of a majority of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was
previously so approved, other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in the preceding clauses) cease for any reason
to constitute a majority of the Board of Directors of the Company then in office. 

    "Company
Common Stock" shall mean shares of the Common Stock of the Company. 

    "Company
Competitor" shall mean (i) Ariba Inc., BEA Systems, Inc., Clarus Corporation, Oracle Corporation, International Business Machines corporation, i2
Technologies, Inc., Manugistics Group, Inc., Microsoft Corporation, Peoplesoft, Inc., SeeBeyond Technology Corporation, Siebel Systems, Inc., VerticalNet, Inc. and
WebMethods, Inc. and their successors, (ii) any person in which any of the persons set forth in clause (i) own more than twenty percent (20%) of the Total Current Voting Power of
such person or (iii) any person with which any of the persons set forth in clause (a) have a strategic alliance or similar agreement that provides for the joint offering of a solution
that substantially competes with a solution offered by the Company. 

    "Competitor"
shall mean (i) Oracle Corporation, International Business Machines Corporation, i2 Technologies, Inc., J.D. Edwards & Company, Manugistics
Group, Inc., Peoplesoft, Inc., Baan Company, N.V., Siebel Systems, Inc. and Ariba Inc. and their successors, (ii) any person in which any of the persons set forth in
clause (i) own more than twenty percent (20%) of the Total Current Voting Power of such person or (iii) any person with which any of the persons set forth in clause (i) have a
strategic alliance or similar agreement that provides for the joint offering of a solution that substantially competes with a solution offered by SAPMarkets, Inc. or its Affiliates. 

    "Competitor
Offer" shall mean (i) a bona fide public tender offer subject to the provisions of Regulation 14D of the rules and regulations promulgated under the Exchange
Act made by a Competitor when first commenced within the meaning of Rule 14d-2(a) of the rules and regulations promulgated under the Exchange Act, by a person or 13D Group (which is
not made by and does not include the Purchaser or any Affiliate of the Purchaser) to purchase or exchange for cash or other consideration any Voting Stock and which consists of an offer that, if
consummated, would result in the Competitor having Beneficial Ownership of Voting Stock of the Company representing more than 15% of the Total Current Voting Power of the Company or (ii) the
execution of a definitive agreement between the Company and a Competitor that provides for the Competitor acquiring Beneficial 

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Ownership of Voting Stock of the Company, which if consummated, would result in the Competitor Beneficially Owning more than 15% of the Total Current Voting Power of the Company. 

    "Confidentiality
Agreement" shall mean the Confidentiality Agreement among the Purchaser, the Company and New Commerce One Holding attached as  Exhibit A to the Investor Rights Agreement among the Company, New
Commerce One Holding and the Purchaser. 

    "Control"
or "Controlled by" shall have the meaning set forth in Rule 12b-2 of the rules and regulations promulgated under the Exchange Act. 

    "Disinterested
Director" means a member of the Board of Directors of the Company who is not (i) an employee or consultant of Purchaser or any of its Affiliates; (ii) a
member of the Board of Directors of Purchaser or any of its Affiliates; or (iii) the holder of more than three percent (3%) of the voting stock of Purchaser or any of its Affiliates. 

    "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended. 

    "Fair
Market Value" means, as of any date of determination, (i) in the case of equity securities, the simple average of (x) the simple average of the closing price per
share of common stock of the Company on the Nasdaq Stock Market (or such other market or exchange on which such common stock is listed or quoted) for the twenty (20) days preceding such date of
determination and (y) the weighted average of the closing price per share of common stock of the Company on the Nasdaq Stock Market (or such other market or exchange on which such common stock
is listed or quoted) for the twenty (20) days preceding such date of determination, such weighed average to be calculated based on the daily trading volume of the common stock as reported on
the Nasdaq Stock Market (or such other market or exchange on which such common stock is listed or quoted) during such period, and (ii) in the case of property other than cash or publicly-traded
securities, the fair market value of such property on such date of determination as determined in good faith by a majority of the Supervisory Board (Aufsichtsrat) of the Purchaser;  provided, however, if
the Company disputes such determination, then the fair market value shall be as determined by two Investment Banks, with one
Investment Bank to be selected by each of the Company and the Purchaser for such purpose. Each such Investment Bank shall determine the fair market value and shall deliver its written valuation to the
Company and the Purchaser within thirty (30) days after selection. In the event that such Investment Banks do not agree on the fair market value, the fair market value shall be the average of
the two valuations, except that if the higher of the two valuations is greater than twice the lower valuation, the Investment Banks shall select another Investment Bank of similar qualifications who
shall determine the fair market value independently of such selection in accordance with the procedures specified in the foregoing sentence. None of the Company, the Purchaser or the initial
Investment Banks shall provide the third Investment Bank with information regarding the valuation of the initial Investment Banks. The valuation of the third Investment Bank shall be arithmetically
averaged with the two prior valuations and the valuation farthest from the average of the three valuations shall be disregarded. The fair market value shall be the average of the two remaining
valuations. The Company and the Purchaser shall each pay one-half of the expense of the valuation. 

    "Non-Voting
Convertible Securities" shall mean any securities of the Company that are convertible into, exchangeable for or otherwise exercisable to acquire Voting Stock
of the Company, including convertible securities, warrants, rights or options to purchase Voting Stock of the Company. 

    "Opposed
Tender Offer" shall mean a Third Party Tender Offer pursuant to which the Board of Directors of the Company, pursuant to Rule 14e-2 of the rules and
regulations promulgated under the Exchange Act, has publicly published, sent or given to security holders of the Company a statement disclosing that the Company recommends rejection of the Third Party
Tender Offer. 

    "Open
Market Transaction" shall mean resales on the open market through unsolicited broker's transactions or through transactions directly with a market maker in which the market
maker is not 

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soliciting purchasers of the shares on behalf of the Purchaser, its Affiliates, or any 13G Group of which Purchaser or any Affiliate of Purchaser is a party on the Nasdaq National Market or such other
exchange or public quotation system upon which the Company Common Stock trades. 

    "person"
shall mean an individual, corporation, partnership, limited liability company, association, trust, or other entity or organization, including a government or political
subdivision or an agency or instrumentality thereof. 

    "Purchaser
Controlled Entity" shall mean an entity of which the Purchaser collectively owns not less than a majority of the outstanding voting power entitled to vote in the election
of directors of such entity (or, in the event the entity is not a corporation, the governing members, board or other similar body of such entity). 

    "Rights
Plan" shall mean the Preferred Stock Rights Agreement, dated as of June 18, 2001, between Commerce One, Inc., a Delaware corporation and Fleet National Bank, as
amended from time to time, or any successor thereto, or any other stockholder rights plan (commonly referred to as a "poison pill") adopted by the Company. 

    "Rule 144"
shall mean Rule 144 as promulgated under the Securities Act. 

    "SEC"
shall mean the U.S. Securities and Exchange Commission. 

    "Securities
Act" shall mean the Securities Act of 1933, as amended. 

    "Shares"
shall mean the shares of Company Common Stock held by Purchaser as of the date of this Agreement and the shares of Company Common Stock sold by the Company to Purchaser on
the date hereof or hereafter (including without limitation the shares sold pursuant to the Share Purchase Agreement) together with all securities of Company issued with respect to such shares pursuant
to the reorganization of the Company into a holding company structure, stock splits, stock dividends and similar events. 

    "Standstill
Limit" shall mean 23% of the Total Current Voting Power of the Company, as the same may be adjusted in accordance with the provisions of this Agreement or by the written
agreement of the parties hereto. 

    "Standstill
Period" shall mean the period beginning on the date hereof and ending on the occurrence of a Standstill Termination Event. 

    "Standstill
Reinstatement Event" shall mean the occurrence of the withdrawal or termination (including, without limitation, as a result of a temporary restraining order or an
injunction issued by a governmental entity) of a Competitor Offer prior to the third anniversary of the date of this Agreement. 

    "Standstill
Revised Limit" shall mean the percentage of the Total Current Voting Power of the Company represented by all Voting Stock held by Purchaser as of the occurrence of a
Standstill Reinstatement Event. 

    "Standstill
Termination Event" shall mean the earliest to occur of the following: (i) a Change in Control of the Company (other than a Change in Control of the Company
involving the Purchaser or any Affiliate of the Purchaser or a 13D Group of which Purchaser or any Affiliate of Purchaser is a member), (ii) a Competitor Offer or (iii) the third
anniversary of the date of this Agreement, provided, however, that upon a Standstill Reinstatement Event, the Standstill Termination Event triggered by
a Competitor Offer shall not be deemed to have occurred and the Standstill Period shall be deemed to be reinstated so long as no other Standstill Termination Event shall have occurred and,  provided, further, that if upon a Standstill Reinstatement Event the Standstill Revised Limit is greater than the Standstill Limit, then the Standstill
Revised Limit and not the Standstill Limit shall thereafter be deemed the Standstill Limit for all purposes hereunder. 

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    "Strategic Alliance Agreement" shall mean the Strategic Alliance Agreement dated September 18, 2000 among the Company, Purchaser and SAPMarkets, Inc., as amended to date
and as may be amended hereafter, and any successor or replacement agreement. 

    "Strategic
Alliance Agreement Termination" shall mean the expiration or sooner termination of the Strategic Alliance Agreement in accordance with its terms, other than a termination
by the Company due to a material breach by Purchaser. 

    "Third
Party Tender Offer" shall mean a bona fide public tender offer subject to the provisions of Regulation 14D of the rules and regulations promulgated under the Exchange
Act when first commenced within the meaning of Rule 14d-2(a) of the rules and regulations promulgated under the Exchange Act, by a person or 13D Group (which is not made by and does
not include any of the Company, the Purchaser or any Affiliate of the Purchaser) to purchase or exchange for cash or other consideration any Voting Stock and which consists of an offer to acquire more
than 50% of the Total Current Voting Power of the Company. 

    "Total
Current Voting Power" shall mean, with respect to any entity, at the time of determination of Total Current Voting Power, the total number of votes which may be cast in the
election of members of the board of directors of the corporation if all securities entitled to vote in the election of such directors are present and voted (or, in the event the entity is not a
corporation, the governing members, board or other similar body of such entity). 

    "Total
Shares" shall mean the number of shares of Company Common Stock Beneficially Owned by the Purchaser on the date of this Agreement plus all shares of Company Common Stock that
the Purchaser acquires Beneficial Ownership of on the date hereof or hereafter (as adjusted for reorganizations, stock splits, stock dividends and similar events). 

    "Transfer"
shall mean any direct or indirect sale, transfer, pledge, contract to sell, sale of any option or contract to purchase, purchase of any option or contract to sell, grant of
any option, right or warrant to purchase, transfer of the economic risk of ownership of, or other disposition. 

    "Transfer
Ceiling" shall be equal to 10% of the Shares commencing on the Closing Date, shall increase to 30% of the Shares commencing on the first anniversary of the Closing Date and
shall further increase to 50% of the Shares commencing on the second anniversary of the Closing Date. 

    "Transfer
Restriction Termination Date" shall mean the earlier of (i) the date a Change of Control of the Company occurs, (ii) the date of a Strategic Alliance Agreement
Termination or (iii) the third anniversary of the date of this Agreement. 

    "Voting
Stock" shall mean shares of the Company Common Stock and any other securities of the Company having the ordinary power to vote in the election of members of the Board of
Directors of the Company. 

    "Written
Approval" shall mean a certificate signed by the Secretary of the Company evidencing Board Approval. 

    "13D
Group" means any group of persons that would be required under Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder, to file a
statement on Schedule 13D or Schedule 13G with the SEC as a "person" within the meaning of Section 13(d)(3) of the Exchange Act if such group Beneficially Owned Voting Stock
representing more than 5% of any class of Voting Stock then outstanding. 

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ARTICLE II
  STANDSTILL OBLIGATIONS AND TRANSFER RESTRICTIONS    
  

    2.1  The Purchaser's Standstill Obligations.  

    (a) During
the Standstill Period, none of Purchaser, any Purchaser Controlled Entity, Affiliate of Purchaser or any 13D Group of which Purchaser or any of its
Affiliates is a member shall, without first obtaining Written Approval, directly or indirectly, acquire or Beneficially Own Voting Stock in excess of the Standstill Limit or authorize or make a tender
offer, exchange offer or other offer to acquire Voting Stock, if the effect of such acquisition would be to increase the percentage of Total Current Voting Power of the Company represented by all
Voting Stock Beneficially Owned by Purchaser, any Purchaser Controlled Entity or Affiliate of Purchaser (and any 13D Group of which Purchaser or any of its Affiliates is a party) to more than the
Standstill Limit. 

    (b) Purchaser
shall not be deemed to have violated its covenants under this Section 2.1 solely by virtue of (and
only to the extent of) any increase in the aggregate percentage of the Total Current Voting Power
of the Company represented by Voting Stock Beneficially Owned by Purchaser, its Purchaser Controlled Entities, or its Affiliates if such increase is the result of a recapitalization of the Company, a
repurchase of securities by the Company or other actions taken by the Company or any of its Affiliates that have the effect of reducing the Total Current Voting Power of the Company. 

    (c) During
the Standstill Period, Purchaser shall promptly (and in no case later than 10 calendar days after such event) notify the Company in writing if the aggregate
Beneficial Ownership of Voting Stock of Purchaser and its Purchaser Controlled Entities and Affiliates (and any 13D Group of which Purchaser or any of its Affiliates is a party) exceeds the aggregate
Beneficial Ownership of Voting Stock specified in Purchaser's most recent prior notice to the Company under this Section 2.1(c) (or if no such
notice has yet been given, the aggregate Beneficial Ownership of Voting Stock purchased pursuant to the Purchase Agreement together with the Purchaser's aggregate Beneficial Ownership of Voting Stock
as represented and warranted by Purchaser in the Share Purchase Agreement) by more than 1% of the outstanding Voting Stock. Such notice shall specify the amount of Voting Stock Beneficially Owned by
Purchaser and its Purchaser Controlled Entities and Affiliates (and any 13D Group of which Purchaser or any its Affiliates is a party) as of the date of the notice. Notwithstanding any provision of
this Section 2.1(c) to the contrary, the provisions of this Section 2.1(c) requiring
notice to the Company shall be deemed satisfied by the delivery by Purchaser to the Company of any Schedule 13D or Schedule 13G filed by Purchaser with respect to the Voting Stock (or
any amendment thereto) provided that such Schedule 13D or Schedule 13G specifies Purchaser's aggregate Beneficial Ownership of Voting Stock. 

    (d) During
the Standstill Period, Purchaser and its Purchaser Controlled Entities and Affiliates (and any 13D Group to which Purchaser and its Affiliates is party)
shall not, without first obtaining Written Approval, solicit or participate in any solicitation of proxies with respect to any Voting Stock, nor shall they seek to advise or influence any person with
respect to the voting of any Voting Stock (other than as otherwise provided or contemplated by this Agreement). 

    (e) During
the Standstill Period, neither Purchaser or any of its Purchaser Controlled Entities or Affiliates (nor any 13D Group of which Purchaser or any of its
Affiliates is party) shall, without first obtaining Written Approval, deposit any Voting Stock in a voting trust or, except as otherwise provided or contemplated herein, subject any Voting Stock to
any arrangement or agreement with any third party with respect to the voting of such Voting Stock. 

    (f)  During
the Standstill Period, neither Purchaser nor any of its Purchaser Controlled Entities or Affiliates shall, without first obtaining Written Approval, join a
13D Group (other than a group comprising solely Purchaser and its Affiliates) for the purpose of acquiring, holding, voting or disposing of Voting Stock or Non-Voting Convertible
Securities. 

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    (g) During the Standstill Period, neither Purchaser nor any of its Purchaser Controlled Entities or Affiliates (nor any 13D Group of which Purchaser or any of its
Affiliates is party) shall, without first obtaining Written Approval, act, alone or in concert with others, directly or indirectly, to seek, or state any intention to seek, amendment and rescission of
this Agreement or make any proposal to amend, support any proposal to amend or rescind, or publicly comment on any proposal to amend or rescind, the Rights Plan, in the case of each proposal, that is
not recommended for approval by the Company's Disinterested Directors. 

    (h) During
the Standstill Period, neither Purchaser nor any of its Purchaser Controlled Entities or Affiliates (nor any 13D Group of which Purchase or any of its
Affiliates is party) shall, without first obtaining Written Approval, act, alone or in concert with others, directly or indirectly, to publicly state its intention or desire to acquire the Company or
all or a material portion of assets of the Company (including, without limitation, upon expiration of the Standstill Period), engage in transaction that would result in a Change of Control of the
Company (including, without limitation, upon expiration of the Standstill Period) or take any other action which would otherwise be prohibited under this  Section 2.1. 

    (i)  During
the Standstill Period, neither Purchaser nor any of its Purchaser Controlled Entities or Affiliates (nor any 13D Group of which Purchaser or any of its
Affiliates is party) shall, without first obtaining Written Approval, otherwise act, alone or in concert with others, to seek control the management, Board of Directors or policies of the Company. 

    (j)  Nothing
contained in this Section 2.1 shall prevent the Purchaser from (i) making an offer to the Board of Directors to acquire additional shares of
Company Common Stock, provided, however, that such offer is made on a confidential basis and would not reasonably be expected to require the Company to
make public disclosure of such offer and (ii) from speaking in the ordinary course with other stockholders of the Company, so long as Purchaser complies with the other provisions of this
Section 2.1. 

    2.2  The Purchaser's Transfer Restrictions.  

    (a) Purchaser
shall not (and shall cause any Purchaser Controlled Entity not to), until the Transfer Restriction Termination Date, Transfer any Shares except: 

     (i) to
the Company; 

    (ii) to
a Purchaser Controlled Entity so long as such Purchaser Controlled Entity agrees, by executing a counterpart to this Agreement, to (A) hold such Shares
subject to all of the provisions of this Agreement as if it were the Purchaser, and (B) promptly transfer such Shares to Purchaser or another
Purchaser Controlled Entity if, prior to the six year anniversary of the Closing Date, it ceases to be a Purchaser Controlled Entity; 

    (iii) in
response to a bona fide public tender offer or exchange offer subject to Regulation 14D or Rule 13e-3 of the rules and regulations
promulgated under the Exchange Act for cash or other consideration that is made by or on behalf of the Company; 

    (iv) in
response to a Third Party Tender Offer with respect to which the Board of Directors of the Company shall have recommended to the stockholders of the Company
that they accept such offer pursuant to Rule 14d-9 of the rules and regulations promulgated under the Exchange Act and shall have not withdrawn such recommendation prior to such
transfer; 

    (v) in
response to an Opposed Tender Offer, provided, however, that Purchaser's tender of shares into such Opposed
Tender Offer is expressly conditioned upon receipt by the person making such Opposed Tender Offer of valid tenders which are not revoked or withdrawn as of the "scheduled expiration date" as set forth
in the bidder's offer to purchaser or other disclosure pursuant to Item 1004(a)(1)(iii) of Regulation M-A of the rules and regulations promulgated by 

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the SEC, or any extension of such scheduled expiration or the expiration of any "subsequent offering period" as set forth in Rule 14d-11 of the rules and regulations promulgated
under the Exchange Act, as the case may be, of shares of Voting Stock representing at least fifty-one percent (51%) of the Total Current Voting Power of the Company by persons other than
the Purchaser, any Purchaser Controlled Entity, its Affiliates and any 13D Group of which Purchaser or any of its Affiliates is party. 

    (vi) in
connection with a Change in Control of the Company that has received Board Approval. 

   (vii) in
a Transfer that (A) when taken together with all prior Transfers of Shares by Purchaser and its Affiliates does not exceed the Transfer Ceiling then
applicable; (B) is made in compliance with Rule 144 of the rules and regulations promulgated under the Securities Act, pursuant to an effective registration statement filed with the SEC,
or pursuant to any other transaction in which the Company has received an opinion of counsel reasonably acceptable to the Company that an exemption from registration is available; and (C) is
made without public disclosure other than as may be required pursuant to Rule 144 of the rules and regulations promulgated under the Securities Act, pursuant to disclosure requirements of
Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, or under other applicable law, in each case solely to the minimum extent required under such rule,
regulation or law, in the Purchaser's reasonable judgment. 

    (b) Other
than Transfers of the type described in Section 2.2(a)(i) through  Section 2.2(a)(vi) hereof, Purchaser shall not (and shall cause any Purchaser
Controlled Entity not to), until the 54 month anniversary of
the Closing Date, Transfer any Shares to any Person or 13D Group in a transaction other than an Open Market Transaction hereunder without first offering such Shares to the Company on the following
terms and conditions: 

     (i) The
Purchaser shall give prior written notice (the "Transfer Notice") to the Company in writing of its intention to Transfer Shares, specifying the name of the
proposed purchaser or transferee, the number of Shares proposed to be the subject of such Transfer, the proposed price therefor and the other material terms upon which such disposition is proposed to
be made. 

    (ii) The
Company shall have the right, exercisable by written notice given by the Company to Purchaser within ten (10) business days after receipt of such
Transfer Notice (the "Response Notice"), to purchase all, but not less than all, of the Shares specified in such Transfer Notice for cash at the price per share specified in the Transfer Notice or, if
consideration other than cash is specified in the Transfer Notice, in an amount equal to the Fair Market Value of such non-cash consideration. Such right shall not be conditional upon the
Company having sufficient financing, at the time the right arises, to purchase the Shares; provided, however, in any event the Company is required to
obtain such financing within the time period set forth in Section 2.2(b)(iii). 

    (iii) If
the Company exercises its right of first refusal hereunder, the closing of the purchase of the Shares with respect to which such right has been exercised (the
"First First Refusal Closing") shall take place within twenty-five (25) business days after the Company delivers the Response Notice to the Purchaser or, if later due to the need to
determine the Fair Market Value of any non-cash consideration, within five (5) business days of such determination of the Fair Market Value of any non-cash
consideration. Upon exercise of its right of first refusal, the Company and Purchaser shall be legally obligated to consummate the purchase and sale contemplated thereby and shall use their respective
best efforts to secure any approvals required in connection therewith. 

    (iv) If
the Company does not exercise its right of first refusal hereunder within the time specified for such exercise in  Section 2.2(b)(ii), the Purchaser shall be free, during the sixty 

8

 

(60) business day period following the expiration of such time for exercise, to Transfer or tender for Transfer those Shares specified in such Transfer Notice with respect to which the Company
has not exercised its first refusal rights (but not less than the total number of Shares specified in the Transfer Notice) to the proposed purchaser or transferee specified in such Transfer Notice and
on terms not significantly less favorable to the Purchaser than the terms specified in such Transfer Notice. 

    (v) The
Company may assign its right of first refusal under this Section 2.2(b) to any other person or persons
except a Purchaser Competitor, provided such persons or persons have the financial ability to complete such purchase, as determined by the Company and Purchaser, each with good faith and in the
exercise of its reasonable business discretion. In the event that the Company assigns its right of first refusal under this Section 2.2(b)(v) to
any person or persons, such persons or person exercise the right to purchase Shares from the Purchaser pursuant to Section 2.2(b)(ii) and  Section 2.2(b)(iii)
 and such person or persons breaches their obligation to purchase such Shares from Purchaser, the Purchaser may Transfer such
Shares in accordance with Section 2.2(b)(iv); provided, however, that in such case the sixty
(60) day period shall run from the date of the breach. 

    (c) Other
than Transfers of the type described in Section 2.2(a)(i) through  Section 2.2(a)(vi), Purchaser shall not (and shall cause any Purchaser
Controlled Entity not to), from the Closing Date until the sixth
anniversary of the Closing Date, Transfer any of Shares to any person or 13D Group of which Purchaser has knowledge, after reasonable inquiry, is a Company Competitor (other than through Open Market
Transactions). 

    (d) Other
than Transfers of the type described in Section 2.2(a)(i) through  Section 2.2(a)(vi) hereof, until the third anniversary of the Closing Date,
Purchaser shall not (and shall cause any Purchaser Controlled Entity
not to) 

     (i) Transfer
in one or a series of Open Market Transactions (A) more than five percent (5%) of the Shares in any single five (5) consecutive trading day
period, or (B) more than two percent (2%) of the Shares in any single trading day; 

    (ii) Transfer
more than fifty percent (50%) of the Shares in any six month period in Open Market Transactions, or Transfer any Shares in a Transfer which is not an Open
Market Transaction unless the transferee agrees to be bound by the restrictions set forth in this Section 2.2(d)(ii); or 

    (iii) Transfer
any Shares to any Person or 13D Group of which Purchaser has knowledge, after reasonable inquiry, will hold (including the Shares to be received in the
transfer) more than ten percent (10%) of the Current Voting Power of the Company (other than through Open Market Transactions); provided, however, the
restrictions set forth in this Section 2.2(d)(iii) shall not apply following a Strategic Alliance Agreement Termination that occurs prior to the
third anniversary of the Closing Date. 

    (e) During
the pendency of a Competitor Offer, (i) the restrictions on Transfer set forth in  Section 2.2(a) and Section 2.2(d) hereof shall be
suspended and (ii) the time
period for the Company to provide a Response Notice pursuant to Section 2.2(b)(ii) shall be reduced to five (5) business days after receipt of the Transfer Notice and the time
period for the First Refusal Closing shall be reduced to fifteen (15) business days after the Company delivers the Response Notice to Purchaser. 

    (f)  Any
attempted Transfer of any of the Total Shares by a Purchaser, a Purchaser Controlled Entity or any other person that is a party to this Agreement that is not
in compliance with this Section 2.2, shall be null and void ab initio. 

9

 

    2.3  Company Notice to Purchaser.  In the event that, during the Standstill Period, the Company's Board
of Directors resolves to seek a potential acquiror of the Company, and directs the Company's executive officers to seek offers from multiple (three or more) potential acquirors, the Company shall
within five (5) days of such resolution give written notice of the Company's intention to seek offers for the acquisition of the Company. Such notice shall be kept confidential by Purchaser
pursuant to the terms of the Confidentiality Agreement. 

 
 

ARTICLE III
  VOTING OBLIGATIONS    
  

    3.1  The Purchaser's Voting Obligations.  

    (a) During
the Standstill Period, Purchaser shall take such action as may be required so that all Voting Stock Beneficially Owned by Purchaser (and shall cause any
Voting Stock Beneficially Owned by a Purchaser Controlled Entity and shall use commercially reasonable efforts to cause any Voting Stock Beneficially Owned by an Affiliate of Purchaser or any 13D
Group of which Purchaser or any Affiliate of Purchaser is a party) is voted or cast in the same manner and proportion as the votes cast by the holders of Voting Stock other than Purchaser, any
Purchaser Controlled Entity, any Affiliate of Purchaser and any 13D Group of which Purchaser or any Affiliates of Purchaser is a party, with respect to (i) nominees to the Board of Directors of
the Company, and (ii) any proposal of a stockholder of the Company to amend or rescind the Rights Plan or this Agreement. 

    (b) During
the Standstill Period, Purchaser, as a holder of Voting Stock, shall be present, in person or by proxy, (and shall cause any Purchaser Controlled Entity
holding Voting Stock to be so present and shall use commercially reasonable efforts to cause its Affiliates holding Voting Stock and any 13D Group of which Purchaser or any Affiliate of Purchaser is a
party and which holds Voting Stock to be so present) at all meetings of stockholders of the Company so that all shares of Voting Stock Beneficially Owned by such Persons may be counted for purposes of
determining the presence of a quorum at such meetings. 

    (c) During
the Standstill Period, in connection with any merger, consolidation or other reorganization which is approved by the Company's Board of Directors which is
proposed to be accounted for as a pooling-of-interests transaction, Purchaser hereby covenants to enter into (and to cause any Purchaser Controlled Corporation to enter into
and to use commercially reasonable efforts to cause any Affiliate of Purchaser and any 13D Group of which Purchaser or any Affiliate of Purchaser is a party to enter into) a standard pooling affiliate
lock-up agreement if requested by the Company and if required to maintain pooling-of-interests treatment with respect to such transaction (based upon the
recommendation of an independent accounting firm retained by either the Company or the potential acquiror of the Company). 

 
 

ARTICLE IV
  MISCELLANEOUS    
  

    4.1  Governing Law; Jurisdiction and Venue.  

    (a) This
Agreement is to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect to any choice of law rule that
would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties. 

10

 

    (b) Any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement may be brought or otherwise commenced in
any state or federal court located in the State of Delaware. Each party to this Agreement: 

     (i) expressly
and irrevocably consents and submits to the jurisdiction of each state and federal court located in the State of Delaware (and each appellate court
located in the State of Delaware in connection with any such legal proceeding, including to enforce any settlement, order or award; 

    (ii) agrees
that each state and federal court located in the State of Delaware shall be deemed to be a convenient forum; and 

    (iii) waives
and agrees not to assert (by way of motion, as a defense or otherwise), in any such legal proceeding commenced in any state or federal court located in the
State of Delaware, any claim that such party is not subject personally to the jurisdiction of such court, that such legal proceeding has been brought in an inconvenient forum, that the venue of such
proceeding is improper or that this Agreement or the subject matter hereof or thereof may not be enforced in or by such court. 

    (c) Each
party hereto agrees to the entry of an order to enforce any resolution, settlement, order or award made pursuant to this  Section 4.1 by the state and federal courts located in the State of Delaware
and in connection therewith hereby waives, and agrees not to assert
by way of motion, as a defense, or otherwise, any claim that such resolution, settlement, order or award is inconsistent with or violative of the laws or public policy of the laws of the State of
Delaware or any other jurisdiction. 

    4.2  Survival.  The representations, warranties, covenants and agreements made herein shall survive any
investigation made by Purchaser and the closing of the transactions contemplated by the Purchase Agreement. 

    4.3  Assignment.  Except as expressly provided in this Agreement, no party may assign either this
Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties; provided, however, that Purchaser may, without the prior written approval
of the Company, assign this Agreement and its rights and obligations hereunder in connection with a transfer of any Voting Stock as provided in Section 2.2 hereof and, provided, further, the
parties agree that, in the event that the reorganization of Commerce One into a holding company structure is consummated, New Commerce One Holding (as the publicly-traded holding company of Commerce
One) shall without any further action of the parties automatically assume all of Commerce One's rights and obligations hereunder and, except as the context requires otherwise, all references herein to
Commerce One shall be deemed to be references to New Commerce One Holding. Except as expressly provided herein, any assignment of rights or delegation of duties under this Agreement by a party without
the prior written consent of other parties shall be void ab initio. Subject to this Section 4.3, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and
their respective successors and permitted assigns. 

    4.4  Third Party Beneficiaries.  This Agreement is intended for the benefit of the parties hereto and
their respective successors and permitted assigns and, except as expressly provided herein, are not for the benefit of, nor may any provision hereof or thereof be enforced by, any other Person. 

    4.5  Entire Agreement; Amendment.  This Agreement and the agreements referred to herein constitute the
full and entire understanding and agreement between the parties with regard to the subject hereof, and no party shall be liable or bound to any other party in any manner by any warranties,
representations or covenants except as specifically set forth herein and in the agreements referred to herein. Except as expressly provided herein, neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought. 

11

 

    4.6  Notices, etc.  All notices and other communications required or permitted hereunder shall be made in
the manner and to the addresses set forth in the Purchase Agreement. 

    4.7  Delays or Omissions.  Except as expressly provided herein, no delay or omission to exercise any
right, power or remedy accruing to a party under this Agreement shall impair any such right, power or remedy nor shall it be construed to be a waiver of any such breach or default, or an acquiescence
therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or
thereafter occurring. 

    4.8  Expenses.  Except as otherwise specifically provided herein, the Company and Purchaser shall bear
their own expenses incurred with respect to this Agreement and the transactions contemplated hereby. 

    4.9  Specific Performance.  The parties hereto agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not performed in accordance with their specific intent or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an
injunction or injunctions, without bond, to prevent or cure breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any
other remedy to which they may be entitled by law or equity, and any party sued for breach of this Agreement expressly waives any defense that a remedy in damages would be adequate. 

    4.10  Stop Transfer Orders; Legends.  The stock certificates representing the Shares shall bear legends,
and be subject to stop transfer orders as provided in the Purchase Agreement. 

    4.11  Further Assurances.  The parties hereto 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 or documents as any other party may reasonably request from time to time in order to
carry out the intent and purposes of this Agreement and the consummation of the transactions contemplated hereby. Neither the Company nor Purchaser shall voluntarily undertake any course of action
inconsistent with satisfaction of the requirements applicable to them set forth in this Agreement and each shall promptly do all such acts and take all such measures as may be appropriate to enable
them to perform as early as practicable the obligations herein and therein required to be performed by them. 

    4.12  Facsimile; Counterparts.  This Agreement may be executed by facsimile and in any number of
counterparts, all of which together shall constitute one and the same instrument. This Agreement shall
become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties, it being understood that all parties need not sign the same
counterpart. 

    4.13  Severability.  In the event that any provision of this Agreement becomes or is declared by a court
of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided,
however, that no such severability shall be effective if it materially changes the economic impact of this Agreement on any party. 

    4.14  Interpretation.  

    (a) The
various section headings are inserted for purposes of reference only and shall not affect the meaning or interpretation of this Agreement or any provision
hereof. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such
terms. 

    (b) Each
party hereto acknowledges that it has been represented by competent counsel and participated in the drafting of this Agreement, and agrees that any applicable
rule of construction to 

12

 

the effect that ambiguities are to be resolved against the drafting party shall not be applied in connection with the construction or interpretation of this Agreement. 

    (c) When
a reference is made in this Agreement to a Section, Exhibit or Schedule, such reference shall be to a Section of, Exhibit to or Schedule to this Agreement
unless otherwise indicated. 

    (d) When
a reference is made to a statute, rule, regulation or form, such reference shall be deemed to be a reference to such statute, rule, regulation or form as it
may, from time to time, be in effect, amended, or superceded by a successor statute, rule, regulation or form. 

    4.15  Attorneys' Fees.  In any action at law or suit in equity in relation to this Agreement, the
prevailing party in such action or suit shall be entitled to receive a reasonable sum for its attorneys' fees and all other reasonable costs and expenses incurred in such action or suit. 

[The remainder of this page intentionally left blank]

13

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

	 	 	COMMERCE ONE, INC.
	

 	
 	

By:	

/s/ PETER F. PERVERE   
 Name: Peter F. Pervere

Title: Senior Vice President and Chief Financial Officer
	

 	
 	

NEW COMMERCE ONE HOLDING, INC.
	

 	
 	

By:	

/s/ PETER F. PERVERE   
 Name: Peter F. Pervere

Title: Senior Vice President and Chief Financial Officer
	

 	
 	

SAP AG
	

 	
 	

By:	

/s/ WERNER BRANDT   
 Name: Werner Brandt

Title:
	

 	
 	

By:	

/s/ MICHAEL JUNGE   
 Name: Michael Junge

Title: General Counsel

[Signature page to Amended and Restated Standstill and Stock Restriction Agreement]  

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TABLE OF CONTENTS

AMENDED AND RESTATED STANDSTILL AND STOCK RESTRICTION AGREEMENT

ARTICLE I DEFINITIONS

ARTICLE II STANDSTILL OBLIGATIONS AND TRANSFER RESTRICTIONS

ARTICLE III VOTING OBLIGATIONS

ARTICLE IV MISCELLANEOUSPrepared by MERRILL CORPORATION

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EXECUTION COPY  

  
 

    INVESTOR RIGHTS AGREEMENT    
  

    This INVESTOR RIGHTS AGREEMENT (this "Agreement") is made as of June 28, 2001, by and between Commerce One, Inc., a Delaware corporation (the
"Company"), New Commerce One Holding, Inc., a Delaware corporation ("New Commerce One Holding") and SAP Aktiengesellschaft, a stock corporation organized under the laws of the Federal Republic
of Germany ("SAP AG"). 

    WHEREAS,
subject to the terms and conditions of the Share Purchase Agreement by and between the Company and SAP AG, dated June 14, 2000 (the "Prior Share Purchase Agreement),
the Company sold shares of its common stock to SAP AG; 

    WHEREAS,
in connection with the Prior Share Purchase Agreement, the Company and SAP AG entered into, and are a party to, that certain Registration Rights Agreement, dated
June 14, 2000 (the "Prior Registration Rights Agreement"); 

    WHEREAS,
subject to the terms and conditions of the Share Purchase Agreement, of even date herewith, by and between the Company and SAP AG (the "Share Purchase Agreement"), the
Company has agreed to sell additional shares of its common stock to SAP AG (together with the shares of common stock of the Company sold pursuant to the Prior Share Purchase Agreement, the "Shares"); 

    WHEREAS,
New Commerce One Holding will assume all of the rights and obligations of Commerce One hereunder upon the consummation of the reorganization of Commerce One into a holding
company structure with New Commerce One Holding as the publicly-traded holding company; and 

    WHEREAS,
subject to the terms and conditions set forth herein, in connection with the sale of the Shares, SAP AG and the Company have agreed to amend and restate in its entirety the
Prior Registration Rights Agreement and to grant certain registration rights to SAP AG with respect to the Shares effective upon the Closing (as defined in the Share Purchase Agreement). 

    NOW,
THEREFORE, in consideration of the promises, mutual covenants and conditions herein contained, and of other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree, effective upon the Closing, (i) the Prior Registration Rights Agreement is hereby amended and restated in its entirety as set forth herein;
and (ii) as follows: 

    1.  Definitions.  For purposes of this Agreement, the following terms shall have the following respective
meanings: 

    "1933
Act" means the Securities Act of 1933, as amended. 

    "1934
Act" means the Securities Exchange Act of 1934, as amended. 

    "Additional
Shares" means common stock issued or sold by the Company, provided, that "Additional Shares" shall not include common stock issued directly or upon the conversion of
securities convertible into or exercisable or exchangeable for common stock (i) in connection with a transaction covered by Rule 145 under the 1933 Act or any other merger, acquisition
or asset purchase, or the resale of securities issued in any such transaction, (ii) in a transaction that is registered under the 1933 Act, (iii) upon the conversion or exchange of any
debt securities, (iv) upon the conversion or exercise of any warrants or other rights outstanding as of the Closing (v) as a dividend or other distribution, (vi) issued to
employees, consultants or other service providers to the Company, or (vii) in connection with the rights issued under the Company's Stockholder Rights Plan. 

    "Automaker
Holders" means General Motors Corporation, Ford Motor Company or any assignee or transferee of either that possesses registration rights pursuant to the Automaker
Registration Rights Agreement. 

1

 

    "Automaker Registration Rights Agreement" means the Registration Rights Agreement, dated December 8, 2000, by and among the Company, General Motors Corporation, Ford Motor
Company and certain other parties. 

    "Beneficially
Own" shall have the meaning set forth in the Standstill Agreement. 

    "Closing"
shall have the meaning set forth in the Share Purchase Agreement. 

    "Current
Market Value" means the simple average of (i) the simple average of the closing price per share of common stock of the Company on the Nasdaq Stock Market (or such
other market or exchange on which such common stock is listed or quoted) for the twenty (20) days preceding the delivery of the Proposal Notice or Sale Notice (as defined in Section 11.1
below) and (ii) the weighted average of the closing price per share of common stock of the Company on the Nasdaq Stock Market (or such other market or exchange on which such common stock is
listed or quoted) for the twenty (20) days preceding the delivery of the Proposal Notice or Sale Notice, such weighed average to be calculated based on the daily trading volume of the common
stock as reported on the Nasdaq Stock Market (or such other market or exchange on which such common stock is listed or quoted) during such period. 

    "Eligible
Period" means the period (a) commencing on the second anniversary of the date of this Agreement and (b) terminating on the sixth anniversary of the date of
this Agreement; provided, however, that with respect to Registrable Shares purchased pursuant to the Prior Share Purchase Agreement only, the Eligible Period shall commence on June 14, 2002. 

    "Existing
Registration Rights Agreement" means the Sixth Amended and Restated Registration Rights Agreement, dated December 8, 2000, by and among the Company and certain of its
stockholders. 

    "Holders"
shall have the meaning ascribed to it in the Existing Registration Rights Agreement. 

    "Register,"
"registered," and "registration" refers to a registration effected by preparing and filing a registration statement or similar document in compliance with the 1933 Act,
and the declaration or ordering of effectiveness of such registration statement or document. 

    "Registrable
Shares" means (i) the shares of common stock of the Company held by SAP AG as of the date hereof, (ii) the shares of common stock of the Company issuable to
SAP AG in accordance with the terms and conditions of the Share Purchase Agreement, (iii) any shares of common stock of the Company purchased by SAP AG from the Company after the Closing
(including pursuant to Section 11 hereof), and (iv) any securities of the Company issued as a dividend on or other distribution with respect to, or in exchange for or replacement of, the
common stock described in subparagraphs (i), (ii) and (iii). 

    "Registration
Statement" means any registration statement described in Sections 2.1 or 2.2 of this Agreement. 

    "Rule 144"
means Rule 144 promulgated under the 1933 Act. 

    "SEC"
means the Securities and Exchange Commission. 

    "Standstill
Agreement" shall mean that Amended and Restated Standstill and Stock Restriction Agreement, of even date herewith, by and between the Company and SAP AG. 

    "Standstill
Period" shall have the meaning ascribed to it in the Standstill Agreement. 

    "Stockholder"
shall mean SAP AG or any assignee or transferee to which SAP AG's rights and obligations under this Agreement have been assigned pursuant to Section 14.5 

2

 

    2.  Registration Rights.  

          2.1  Demand Registration.  

                (a)
If at any time during the Eligible Period the Stockholder requests in writing (the "Stockholder Demand") that the Company file a registration statement on
Form S-3 (or any successor form to Form S-3, or, if Form S-3 is not then available, on Form S-1 or any other available form)
for a public offering of shares of the Registrable Shares, the anticipated aggregate offering price of which, net of standard underwriting fees and discounts, is at least five million dollars
($5,000,000), the Company shall, subject to Section 4.1 hereof, file such Registration Statement with the SEC within forty-five (45) days after its receipt of such request.
The Company shall use commercially reasonable efforts to cause such Registration Statement to be declared effective as soon thereafter as practicable and keep such registration statement effective
until the Stockholder notifies the Company in writing that the Company is no longer required to keep such Registration Statement effective. In no event, however, shall the Company be required to
(i) effect more than four (4) registrations pursuant to this section or (ii) keep one or more registration statements filed pursuant to this section effective for more than an
aggregate of one hundred twenty (120) days. In the event the registration is proposed to be part of a firm commitment underwritten public offering, the substantive provisions of
Section 2.3 hereof shall be applicable to each such registration initiated under this Section 2.1 and the piggyback registration rights of Holders and Automaker Holders (to the extent
provided for in the Existing Registration Rights Agreement and the Automaker Registration Rights Agreement) shall be applicable, subject to Section 2.3 below, to a registration effected
pursuant to this Section 2.1. 

                (b)
Notwithstanding the foregoing, the Company shall not be obligated to take any action pursuant to subparagraph (a): 

                      (i)
if the Company, within ten (10) days of the receipt of the Stockholder Demand, gives notice of its bona fide intention to
effect the filing of a registration statement with the SEC within forty-five (45) days of receipt of such demand (other than a registration relating primarily to the sale of
securities to participants in a Company stock plan of employee benefit plan, a transaction covered by Rule 145 under the 1933 Act or the resale of securities issued in such a transaction, a
registration in which the only stock being registered is Common Stock issuable upon conversion or exchange of debt securities which are also being registered, any registration on any form which does
not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Shares, or a registration initiated under
Section 2.1 or 2.2 of Automaker Registration Rights Agreement) provided, however, that if such registration statement is not filed by the Company
within 45 days of receipt of such Stockholder Demand and declared effective by the Commission with 120 days after the Company's receipt of such Stockholder Demand, the Company shall be
obligated to cause such Registrable Shares of the Stockholder to be registered in accordance with the provisions of this Section 2.1 provided that the Company is actively employing in good
faith all reasonable efforts to cause such registration statement to become effective; 

                      (ii)
during the period starting with the Company's date of filing of, and ending on the date ninety (90) days immediately following, the effective date of any registration
statement pertaining to securities of the Company, which registration was either filed as a result of the exercise by Stockholder of its rights pursuant to Section 2.1 hereof or was subject to
Section 2.2 hereof. 

          2.2  Piggyback Registration.  

                (a)
If at any time during the Eligible Period, the Company proposes to register (for its own account, on behalf of its existing stockholders, or a combination of the foregoing) any
of its common stock under the 1933 Act in connection with a public offering of such common stock solely for cash (other than a registration relating primarily to the sale of securities to participants
in a Company stock plan of employee benefit plan, a transaction covered by Rule 145 under the 1933 Act or the 

3

 

resale of securities issued in such a transaction, a registration in which the only stock being registered is Common Stock issuable upon conversion or exchange of debt securities which are also being
registered, any registration on any form which does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable
Shares or a registration initiated under Section 2.1 or 2.2 of the Automaker Registration Rights Agreement) the Company shall, at such time, give the Stockholder notice of such registration.
Upon the written request of the Stockholder, given within ten (10) days after notice has been given by the Company in accordance with Section 14.1 hereof, the Company shall, subject to
Section 2.3 hereof, cause to be
registered under the 1933 Act all of the Registrable Shares that the Stockholder has requested to be registered. 

                (b)
In the event that any registration is initiated pursuant to Sections 2.1 or 2.2 of the Automaker Registration Rights Agreement, the Company shall, upon written notice from the
Stockholder of its desire to "piggyback" on such registration statement, use reasonable efforts to seek written consent from the Automaker Holders to permit such "piggyback" on the registration
statement by the Stockholder in accordance with the terms of this Agreement (it being understand that the Company shall not be required to make any payment to the Automakers or incur additional
obligations with respect to the Automakers to obtain such consent). 

          2.3  Underwriting Requirements.  

                (a)
In connection with any underwritten public offering, the Company shall not be required to include any of the Stockholder Registrable Shares in such underwriting unless the
Stockholder accepts the terms of the underwriting as agreed upon between the Company and the underwriters for the offering (which underwriters shall be selected by the Company). 

                (b)
If the total amount of securities, including Registrable Shares, requested to be included in an underwritten public offering exceeds the amount of securities that the
underwriters determine in their sole discretion is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of such securities,
including Registrable Shares, which the underwriters determine in their sole discretion will not jeopardize the success of the offering. In such event, the Company may reduce the number of or exclude
Registrable Shares proposed to be offered by Stockholder prior to reducing the number of or excluding the shares proposed to be offered by (i) the Company (except with respect to a registration
pursuant to Section 2.1 hereof), (ii) the holders of registration rights under the Existing Registration Rights Agreement (the "Existing Holders") to the extent required by the Existing
Registration Rights Agreement and (iii) the holders of registration rights under the Automaker Registration Rights Agreement to the extent required by Automaker Registration Rights Agreements,  provided, however,
 that if the Stockholder is not permitted to include at least seventy-five percent (75%) of the number of Registrable
Shares proposed by the Stockholders to be included in a registration pursuant to Section 2.1 as a result of the foregoing sentence, such registration shall be deemed not to be a registration by
the Stockholder pursuant to Section 2.1. 

                (c)
Notwithstanding Section 2.3(b) hereof, following the Closing, the Company will use commercially reasonable efforts to obtain the consent of the Existing Holders such that
(A) in the event of registration pursuant to Section 2.1 hereof, the Company shall reduce the number of or exclude the shares proposed to be offered by the Existing Holders prior to
reducing the number of or excluding the Registrable Shares proposed to be offered by Stockholder, and (B) in the event of registration pursuant to Section 2.2 hereof, the Company shall
reduce the number of or exclude the shares proposed to be offered by the Existing Holders (and, if the consent described in Section 2.3(d) hereof is obtained with respect to such offering, the
Automaker Holders) on a pro rata basis with the number of Registrable Shares proposed to be offered by Stockholder (calculated on the basis of the number of shares of common stock proposed to be
offered), it being understood that, in each case, the 

4

 

Company shall not be required to make any payment to the Existing Holders or incur additional obligations with respect to the Existing Holders to obtain such consent. 

                (d)
Notwithstanding Section 2.3(b) hereof, upon a registration pursuant to Section 2.1 or Section 2.2 hereof, the Company will use reasonable efforts to obtain
the consent of the Automaker Holders with respect to such registration such that (A) in the event of a registration pursuant to Section 2.1 hereof, the Company shall reduce the number or
exclude the shares proposed to be offered by the Automaker Holders prior to reducing the number of or excluding the Registrable Shares proposed to be offered by Stockholder, and (B) in the
event of a registration pursuant to Section 2.2 hereof, the Company shall reduce the number of or exclude the shares proposed to be offered by the Automaker Holders (and, if the consent
described in Section 2.3(c) hereof is obtained, the Existing Holders) and on a pro rata basis with the number of Registrable Shares proposed to be offered by Stockholder (calculated on the
basis of the number of shares of common stock proposed to be offered), it being understood that, in each case, the Company shall not be required to make any payment to the Automaker Holders or incur
additional obligations with respect to the Automaker Holders to obtain such consent. 

    3.  Further Obligations of the Company after Registration.  

          3.1  Blue Sky Compliance.  The Company shall, as soon as reasonably possible after the effectiveness of
a Registration Statement, use its best efforts to register and qualify the Registrable Shares covered by the Registration Statement under such other securities or "blue sky" laws of such jurisdictions
as shall be reasonably requested by the Stockholder, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions unless the Company is already subject to service in such jurisdiction and except as may be required by the 1933 Act. 

          3.2  Furnishing of Prospectus.  With respect to a Registration Statement filed pursuant to Sections 2.1
hereof or 2.2 hereof, the Company shall furnish to the Stockholder copies of any preliminary prospectus and, as soon as reasonably possible after the effectiveness of the Registration Statement,
furnish to the Stockholder such numbers of copies of a final prospectus in conformity with the requirements of the 1933 Act, and such other documents as the Stockholder may reasonably request, in
order to facilitate the resale or other disposition of Registrable Shares owned by it. 

          3.3  Amendments.  With respect to a Registration Statement filed pursuant to Section 2.1 hereof
or 2.2 hereof of this Agreement, and, subject to Section 4.1 hereof of this Agreement, the Company shall prepare and file with the SEC such amendments to the Registration Statement and
amendments or supplements to the prospectus contained therein as may be necessary to keep such Registration
Statement effective and such Registration Statement and prospectus accurate and complete for the entire period for which the Registration Statement remains effective. 

          3.4  Notices.  The Company shall: 

                (a)
Notify the Stockholder, promptly after it shall receive notice thereof, of the date and time when any Registration Statement and each post-effective amendment thereto
has become effective; 

                (b)
Notify the Stockholder promptly of any request by the SEC for the amending or supplementing of any Registration Statement or prospectus or for additional information; 

                (c)
Notify the Stockholder, at any time when a prospectus relating to the Registrable Shares is required to be delivered under the Securities Act, of any event which would cause any
such prospectus or any other prospectus as then in effect to include an untrue statement of a material fact or omit to state any 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 

5

 

Section 4.1 hereof, promptly prepare and file with the SEC, and promptly notify the Stockholder of the filing of, such amendments or supplements to any Registration Statement or prospectus as
may be necessary to correct any such statements or omissions; 

                (d)
Notify the Stockholder, promptly after it shall receive notice of the issuance of any stop order by the SEC suspending the effectiveness of any Registration Statement or the
initiation or threatening of any proceeding for that purpose and, subject to Section 4.1 hereof, promptly use commercially reasonable efforts to prevent the issuance of any stop order or to
obtain its withdrawal if such stop order should be issued. 

    4.  Conditions and Limitations on Registration Rights.  The registration rights granted by this Agreement
are subject to the following additional conditions and limitations: 

          4.1  Delays and Suspension.  The Company may delay the filing of, or suspend or delay the effectiveness
of a Registration Statement for up to thirty (30) days, if the Company shall furnish to the Stockholder a certificate signed by the Chief Executive Officer of the Company stating that in the
good faith judgment of the Board of Directors it would be seriously detrimental to the Company or its stockholders for such a registration statement to be filed or declared effective or for an
effective
registration statement not to be suspended. In such event, the Company's obligation under this Agreement to file a registration statement, seek effectiveness of a registration statement or keep
such registration statement effective shall be deferred for a period not to exceed sixty (60) days from the receipt of the request to file such registration by the Stockholder, provided that
the Company may not exercise this right of deferral for an aggregate of in excess of seventy-five (75) days in any one year period. If the Company suspends the effectiveness of a
Registration Statement, the Company will promptly deliver notice to the Stockholder of such suspension and will again deliver notice to the Stockholder when such suspension is no longer necessary. The
duration for which the Company is required to keep a Registration Statement effective shall be extended by an additional number of days equal to the length of any suspension period. 

          4.2  Amended or Supplemented Prospectus.  The Stockholder agrees that, upon receipt of any notice from
the Company described in Section 4.1 hereof that suspends an effective registration statement, the Stockholder shall forthwith discontinue disposition of Registrable Shares until such
Stockholder's receipt of copies of a supplemented or amended prospectus from the Company, or until it is advised in writing by the Company that the use of the prospectus may be resumed, and has
received copies of any additional or supplemental filings which are incorporated by reference in the prospectus. If so directed by the Company, the Stockholder will deliver to the Company all copies
of the prospectus covering such Registrable Shares current at the time of receipt of such notice of suspension. 

    5.  Indemnification.  

          5.1
The Company will indemnify the Stockholder, each of its officers, directors and partners, legal counsel, agents and each person controlling the Stockholder within the meaning of
Section 15 of the 1933 Act, with respect to which registration, qualification or compliance has been effected pursuant to this Agreement, and each underwriter, if any, and each person who
controls any underwriter within the meaning of Section 15 of the 1933 Act, against all expenses, claims, losses, damages and liabilities (or actions in respect thereof), including any of the
foregoing incurred in settlement of any litigation, (commenced or threatened), arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any
registration statement, prospectus, or other document, or any amendment or supplement thereto, incident to any such registration, qualification or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or
any violation by the Company of the 1933 Act, the 1934 Act, and any state securities laws or any rule, regulation or qualification promulgated thereunder, and the Company 

6

 

will reimburse the Stockholder, each of its officers, directors, and partners, legal counsel, agents and each person controlling the Stockholder, each such underwriter and each person who controls any
such underwriter, for any legal and any other expenses reasonably incurred, in connection with investigating, preparing or defending any such claim, loss, damage, liability or action,  provided, however,
that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out
of or is based on any untrue statement or omission or alleged untrue statement or
omission, made in reliance upon and in conformity with written information furnished to the Company by the Stockholder, controlling person or underwriter expressly for use therein. 

          The
foregoing indemnity is subject to the condition that, insofar as it relates to any such untrue statement, alleged untrue statement, omission or alleged omission made in a
preliminary prospectus on file with the SEC at the time the registration statement becomes effective or the amended prospectus filed with the SEC pursuant to Rule 424(b), as amended from time
to time (the "Final Prospectus"), such indemnity shall not inure to the benefit of: (a) the Stockholder (i) if a copy of the Final Prospectus was not furnished by the Stockholder to the
person asserting the loss, liability, claim or damage at or prior to the time such action as required by the 1933 Act and such Final Prospectus would have cured the defect giving rise to the loss,
liability, claim or damage or (ii) to the extent that such untrue statement, alleged untrue statement, omission or alleged omission is made in reliance upon and in conformity with written
information furnished to the Company by the Stockholder expressly for use therein, or (b) any underwriter (i) if a copy of the Final Prospectus was not furnished to the person asserting
the loss, liability, claim or damage at or prior to the time such action as required by the 1933 Act and the Final Prospectus would have cured the defect giving rise to the loss, liability, claim or
damage or (ii) to the extent that such untrue statement, alleged untrue statement, omission or alleged omission is made in reliance on and in conformity with written information furnished to
the Company by the underwriter for use therein. 

          5.2
The Stockholder will, if Registrable Shares held by the Stockholder are included in the securities as to which such registration, qualification or compliance is being effected,
indemnify the Company, each of its directors and officers, each underwriter, if any, of the Company's securities covered by such a registration statement, each person who controls the Company or such
underwriter within the meaning of Section 15 of the 1933 Act, against all expenses, claims, losses, damages and liabilities (or actions in respect thereof), including any of the foregoing
incurred in settlement of any litigation (commenced or threatened), arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration
statement, prospectus, offering circular or other document, or any amendment or supplement thereto, incident to such registration, qualification or compliance, or any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and, severally,
and not jointly, will reimburse the Company, such directors, officers, persons, underwriters or control persons for any legal and any other expenses reasonably incurred, in connection with
investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission
(or alleged omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written information furnished to the Company by
the Stockholder expressly for use therein. Notwithstanding the foregoing, the liability of the Stockholder under this Section 5 shall be limited to an amount equal to the net proceeds received
by the Stockholder from the sale of shares in such registration. 

          5.3
Each party entitled to indemnification under this Section 5 (the "Indemnified Party") shall give notice to the party required to provide indemnification (the "Indemnifying
Party") promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or
any litigation 

7

 

resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld), and the Indemnified Party may participate in such defense at such party's expense, and provided further that the failure of any Indemnified Party to give notice as provided
herein shall not relieve the Indemnifying Party of its obligations under this Agreement, unless the failure to give such notice is materially prejudicial to an Indemnifying Party's ability to defend
such action, and provided further that an Indemnified Party shall have the right to retain its own counsel, with the fees and expenses of such counsel to be paid by the Indemnifying Party, if
representation of such Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between such Indemnified Party and any
other party represented by such counsel in such proceeding. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all
liability in respect to such claim or litigation. 

          5.4
If the indemnification provided for in this Section 5 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any losses,
claims, damages or liabilities referred to herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party thereunder, shall to the extent permitted by applicable law contribute to the
amount paid or payable by such Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on
the one hand and of the Indemnified Party on the other in connection with the violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable
considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, that in no event shall any contribution by the Stockholder hereunder exceed the net
proceeds from the offering received by the Stockholder. 

          5.5
The obligations of the Company and the Stockholder under this Section 5 shall survive completion of any offering of Registrable Securities in a registration statement and
the termination of this Agreement. 

    6.  Information from Stockholder.  It shall be a condition precedent to the obligations of the Company to
take any action pursuant to this Agreement with respect to the Registrable Shares of the Stockholder that the Stockholder shall furnish to the Company such information regarding itself, the
Registrable Shares held by it, and the intended method of disposition of such securities, as shall be required to effect the registration of the Registrable Shares. 

    7.  Expenses of Registration.  The Company shall pay all registration, filing and qualification fees
(including SEC filing fees and the listing fees of the Nasdaq Stock Market or any stock exchange on which the
Company securities are traded) attributable to the Registrable Shares registered under this Agreement, and any legal, accounting or other professional fees or expenses incurred by the Company;  provided, however,
 with respect to any registration requested by the Stockholder pursuant to Section 2.1 hereof, the Stockholder shall pay
one-half of the SEC filing fee for the registration of the Registrable Securities. The Stockholder shall pay all underwriting discounts, selling commissions and stock transfer taxes, if
any, attributable to the sale of such securities registered by the Stockholder and any legal, accounting or other professional fees incurred by the Stockholder. 

    8.  Reports Under the Securities Exchange Act.  The Company agrees to file with the SEC in a timely
manner all reports and other documents and information required of the Company under the 

8

 

1934 Act, and take such other actions as may be necessary to assure the availability of Form S-3 for use in connection with the registration rights provided in this Agreement and
Rule 144 for use in connection with resales of the Registrable Shares. 

    9.  Rule 144.  In the event that all of the Stockholder's Registrable Shares may, under
Rule 144, be resold or otherwise disposed of in a ninety (90) day period without registration under the 1933 Act, the registration rights granted under this Agreement to such Stockholder
and the obligations of the Company hereunder (other than its obligations under Sections 5 and 8 and this Section 9) to such Stockholder, shall automatically terminate in their entirety and be
of no further force and effect whatsoever without any further action on the part of the Company or the Stockholder. 

    10.  Market Stand-Off.  So long as the Stockholder Beneficially Owns at least five percent
(5%) of the Company's outstanding common stock, the Stockholder agrees that, upon the request of the underwriters managing any underwritten public offering of the Company's securities in connection
with an effective registration statement under the 1933 Act, it will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant
any option, right or warrant to purchase, or otherwise transfer or dispose of (other than to donees who agree to be similarly bound), directly or indirectly, the Registrable Shares other than those
included in the registration, without the prior written consent of such underwriters, for such period of time, not to exceed ninety (90) days (or such lesser period as executive officers or
directors of the Company are so restricted with respect to the transfer of shares of common stock of the Company held by them) after the effective date of the registration statement relating thereto.
The Stockholder agrees that, if requested by the underwriters for such an offering, it will enter into a lock-up agreement directly with the underwriters on substantially the same terms
and conditions as described above. The Stockholder agrees that the Company may instruct its transfer agent to place stop-transfer notations in its records to enforce the provisions of this
Section 10. 

    11.  Pro Rata Right.  Subject to the terms and conditions specified in this Section 11, the
Company hereby grants to SAP AG a pro rata right to participate with respect to future sales by the Company of Additional Shares (the "Pro Rata Right"). Beginning on the Closing and until the earlier
of (i) the third
anniversary of the Closing and (ii) the end of the Standstill Period, each time the Company proposes to offer any Additional Shares, the Company shall offer to SAP AG the opportunity to
purchase a number of shares equal to SAP AG's pro rata portion of such Additional Shares in accordance with the following provisions: 

          11.1  Notice.  The Company shall deliver to SAP AG a notice (a "Notice") not later than thirty calendar
(30) days following the sale of Additional Shares. In lieu of a Notice provided following the sale of the Additional Shares (such Notice, a "Sale Notice"), the Company may, in its sole
discretion, elect to provide a Notice to SAP AG in advance of a proposed sale of Additional Shares in lieu of a Sale Notice (such Notice, a "Proposal Notice"). 

          11.2  Contents of Notice.  

                (a)  Contents of Sale Notice.  If the Company delivers a Sale Notice, such Notice shall state
(i) that the Company has completed the sale of Additional Shares, (ii) the number of such Additional Shares sold, (iii) the number of Pro Rata Shares pursuant to which SAP is
entitled to purchase pursuant to Section 11.7 hereof and (iv) the Price and, if applicable, the Additional Terms, (each as determined in accordance with Section 11.4 hereof) for
the purchase of such shares. 

                (b)  Contents of Proposal Notice.  If the Company elects to deliver a Proposal Notice in lieu of a Sale
Notice, such Notice shall state (i) that the Company proposes to sell Additional Shares, (ii) the number of such Additional Shares to be sold, (iii) the number of Proposed Pro
Rata Shares pursuant to which SAP is entitled to purchase pursuant to Section 11.7 hereof and (iv) the Price 

9

 

and, if applicable, the Additional Terms, (each as determined in accordance with Section 11.4 hereof) for the purchase of such shares. 

          11.3  Election.  Within 10 business days after receipt of a Sale Notice or the Proposal Notice, as the
case may be, SAP AG may elect to purchase, all, but not less than all, of the Pro Rata Shares (in the case of a Sale Notice) or the Proposed Pro Rata Shares (in the case of a Proposal Notice) on the
Price and other applicable Additional Terms set forth in the Sale Notice or Proposal Notice, as the case may be, by delivering notice to the Company (the "Election Notice"). 

          11.4  Price.  The price (the "Price") and additional terms, if any, (the "Additional Terms") for the
sale of the Pro Rata Shares or the Pro Rata Additional Shares, as applicable, shall be calculated as follows. 

                (a)  Prior to First Anniversary of Closing.  In the event that the Additional Shares are sold prior to
the first anniversary of the Closing or a Proposal Notice is delivered prior the first anniversary of the Closing, at the option of SAP AG, the consideration payable for the Pro Rata Shares, which
consideration shall be specified in the election notice, shall be either (i) the Price and Additional Terms for the Pro Rata Shares or Proposed Pro Rata Shares shall be equal to the price and
additional terms, if any, pursuant to which the Additional Shares are sold (in the event of a Sale Notice), or proposed to be sold (in the event of a Proposal Notice) or (ii) the Price shall be
the Current Market Value and there shall be no Additional Terms (except as set forth in Section 11.5 hereof). 

                (b)  On or after First Anniversary of Closing.  In the event that the Additional Shares are sold on or
after the first anniversary of the Closing or a Proposal Notice is delivered on or after the first anniversary of the Closing, the Price shall be the Current Market Value and there shall be no
Additional Terms (except as set forth in Section 11.5 hereof). 

          11.5  Closing.  In the case of a Sale Notice, if SAP AG elects to purchase the Pro Rata Shares, the sale
of the Pro Rata Shares shall occur no later than thirty (30) days following the Election Notice (subject to extension by thirty (30) days solely to comply with regulatory requirements).
In the case of Proposal Notice, if SAP AG elects to purchase the Proposed Pro Rata Shares, the sale of the Pro Rata Shares shall occur contemporaneously with, and conditioned upon, the sale of the
Additional Shares described in the Proposal Notice. SAP AG's purchase of the Pro Rata Shares or the Proposed Pro Rata Shares, as the case may be, shall be conditioned upon the execution by SAP AG and
the Company of customary documentation, including without limitation, a stock purchase agreement containing representations and warranties substantially similar to those contained in the Share
Purchase Agreement. 

          11.6  Sales After Notice.  

                (a)  Sale Notice.  In the event the Company has delivered a Sale Notice, and SAP does not timely elect
to purchase the Pro Rata Shares or Proposed Pro Rata Shares in accordance with Section 11.3, SAP AG shall be deemed to have made an irrevocable election on the to not purchase the Pro Rata
Shares or the Proposed Pro Rata Shares, as the case may be. 

                (b)  Proposal Notice.  In the event that the Company delivers a Proposal Notice and SAP AG either fails
to timely elect to purchase the Proposed Pro Rata Shares pursuant to Section 11.3 hereof or elects to not purchase Proposed Pro Rata Shares, the Company may, any time during the ninety
(90) day period following the delivery of the Proposal Notice, enter into an agreement for the sale or issuance of such Additional Shares and, except as provided in the following sentence,
shall not be required to issue a Sale Notice pursuant to Section 11.1 hereof with respect to such Additional Shares. If the Company does not sell the Additional Shares described in the Proposed
Notice within the ninety (90) period, or the price for the sale of the Additional Shares is less than that specified in the Proposal Notice and/or terms of the Proposed Sale have changed so as
to be significantly more 

10

 

favorable than those specified in the Proposal Notice, the Pro Rata Right shall be deemed to be revived and the Company shall be obligated to either deliver a Sale Notice or, it so elects, a Proposal
Notice, to SAP AG with respect to any Additional Shares in accordance with terms of Section 11.1 hereof. 

          11.7  Pro Rata Portion.  The number of shares SAP AG shall be entitled to purchase pursuant to the
exercise of the Pro Rata Right shall be determined as follows. 

                (a)
"Pro Rata Shares" shall equal a number of shares such that the SAP Percentage Prior to the Issuance shall equal the SAP Percentage After the Issuance. The "SAP Percentage Prior
to the Issuance" shall equal the quotient obtained by dividing (i) the number of shares of common stock beneficially owned by SAP AG immediately prior the sale of the Additional Shares
specified in the Sale Notice by (ii) the total number of shares of common stock outstanding immediately prior to the sale of the Additional Shares specified in the Sale Notice and the Pro Rata
Shares, and the "SAP Percentage After the Issuance" shall equal the quotient obtained by dividing (x) the sum of (A) the number of shares of common stock beneficially owned by SAP AG
immediately prior the sale of the Additional Shares specified in the Sale Notice and (B) the number of Pro Rata Shares, divided by (y) sum of (X) the total number of shares of
common stock outstanding immediately following the sale of the Additional Shares specified in the Sale Notice and (Y) the number of Pro Rata Shares. 

                (b)
"Proposed Pro Rata Shares" shall equal a number of shares equal to the product obtained by multiplying (A) the number of Additional Shares proposed to be sold by the
Company set forth in the Proposal Notice by (B) the quotient obtained by dividing (x) the number of Registrable Shares of common stock held by SAP AG immediately prior the sale of the
Additional Shares by (y) the total number of shares of common stock outstanding prior to the sale of the Additional Shares specified in the Proposal Notice. 

          11.8  Pro Rata Right with Respect to Shares Issued Before Closing.  Upon the Closing, the Company shall
provide an Additional Share Notice with respect to any Additional Shares issued after the date hereof and prior to the Closing, and SAP AG shall have the right to exercise its Pro Rata Right under
this Section 11 with respect to the issuance of such Additional Shares. In such event, the purchase price for such Additional Shares shall be equal to the lowest of the (i) the price per
Share paid by SAP under the Share Purchase Agreement, (ii) the price and additional terms, if any, pursuant to which the Additional Shares are sold and (iii) the Current Market Value. 

          11.9  Stockholder Approval.  Nothing contained in this Section 11 shall require the Company to
issue any Pro Rata Shares or Proposed Pro Rata Shares if such issuance would require the Company to obtain stockholder approval of the issuance pursuant to Rule 4350(i)(1)(B) or (D) of
the Nasdaq National Market Issuer Designation Requirements or under the Delaware General Corporation Law. 

    12.  Board of Directors Matters.  

          12.1  SAP AG Appointed Director.  Beginning upon the Closing and until SAP AG Beneficially Owns less
than ten percent (10%) of the outstanding Common Stock of the Company, (the "Director End Date"), at the first meeting of the Board of Directors of the Company following the Company's receipt of a
written request from SAP AG that the Company appoint an SAP designated person to the Company's Board of Directors, the Company shall appoint, a mutually agreed upon (in the exercise of the reasonable
discretion of the Company and SAP AG) person to serve as a director of the Company (the "SAP Director") to serve until such director's successor is duly qualified and elected or his or her prior
resignation, removal or death. 

          12.2  SAP AG Board Observer.  Beginning upon the Closing and until the Director End Date, SAP AG shall
be entitled to designate one executive board member of SAP AG mutually agreeable to SAP AG and the Company (in the exercise of their reasonable discretion) to attend each 

11

 

meeting of the Board of Directors of the Company, at SAP AG's expense, in a non-voting observer capacity (such designee, an "SAP Observer"). Until the earlier to occur of (i) the
appointment of the SAP Director pursuant to Section 12.1 or (ii) the Director End Date, the Company shall give to the SAP Observer notice of all meetings of the Company's Board of
Directors in the manner provided in the Company's Amended and Restated Bylaws. In no event, however, shall the SAP Observer attend any meeting of the Board of Directors of the Company that is attended
by the SAP Director. The Company shall have the right in its sole discretion: (A) to exclude the SAP Observer from all or any portion of a meeting of the Company's Board of Directors and
(B) exclude SAP AG and the SAP Observer from access to any notices, minutes, consents or other materials provided to the directors of the Company, in each case, if the Company reasonably
believes that such exclusion is reasonably necessary (x) to preserve the attorney-client privilege, (y) to protect confidential or proprietary information of the Company, including
without limitation the Company's trade secrets and (z) to prevent violation of any applicable antitrust or competition laws. 

          12.3  Confidentiality.  SAP AG shall treat any confidential information of the Company obtained through
the material provided to SAP AG pursuant to Section 12.2 hereof or from the SAP Director or SAP Observer in accordance with a confidentiality
agreement between the Company, New Commerce One Holding and SAP AG (in a form to be mutually agreed to in good faith by the Company and SAP AG prior to the Closing) (the "Confidentiality Agreement").
The SAP Observer shall execute a form of confidentiality agreement (in a form to be mutually agreed to in good faith by the Company and SAP AG prior to the Closing) before attending any meeting of the
Board of Directors. 

    13.  Information Rights.  

          13.1  Financial Information.  Until such time SAP AG no longer accounts for its investment in the
Company under the equity method of accounting (the "Equity Method Period"), the Company shall: (i) not later than eight (8) business days after the end of a fiscal quarter, provide to
SAP AG a consolidated balance sheet, consolidated income statement and consolidated statement of stockholders' equity for such quarter; (ii) no later than fifteen (15) business day after
the end of a fiscal year, provide to SAP AG, a consolidated balance sheet, a consolidated income statement and a consolidated statement of stockholders' equity for such fiscal year; and
(iii) not later than the twentieth (20th) day of each month, provide rolling forecasts of its expected quarterly income statement results for the following four
(4) quarters. 

          13.2  Outstanding Shares Information.  Until the end of the Equity Method Period, Commerce One will,
within 15 business days following the end of a fiscal quarter, inform SAP AG as to the number of shares of its outstanding common stock as of the end of such quarter and, further, will update such
information to SAP AG at any time that the number of shares of Commerce One's outstanding common stock increases or decreases by more than 1% from the number most recently reported to SAP AG. 

          13.3  Confidentiality of Information.  Any information provided under this Section 13 shall be
kept confidential by SAP AG pursuant to the Confidentiality Agreement. 

    14.  Miscellaneous.  

          14.1  Notices.  All notices and other communications required or permitted hereunder shall be made in
the manner and to addresses set forth in the Share Purchase Agreement. 

          14.2  Interpretation.  The words "include," "includes" and "including" when used herein shall be deemed
in each case to be followed by the words "without limitation." The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of
this Agreement. 

12

 

          14.3  Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts
have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart. 

          14.4  Entire Agreement.  This Agreement and the documents and instruments and other agreements among the
parties hereto referenced herein: (a) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof; and (b) are not intended to confer upon any other person any rights or remedies hereunder. 

          14.5  Assignment.  SAP AG may transfer or assign its rights and obligations hereunder without the
consent of the Company, except those rights and obligations set forth in Sections 11 and 12 hereof, together with any Registrable Shares transferred or assigned in accordance with the terms of the
Standstill Agreement to any Purchaser Controlled Entity (as defined in the Standstill Agreement), as long as such transferee or assignee of the Registrable Shares executes and delivers a counterpart
copy of this Agreement thereby agreeing to be bound by the terms and provisions set forth herein. In addition, any person to whom SAP transfers Registrable Shares in one or more private, unregistered
transaction(s), who beneficially owns not less than the greater of (i) eleven million five hundred thousand (11,500,000) Registrable Shares and (ii) twenty-five percent (25%)
of the Registrable Shares (a "Transferee"), shall be entitled, upon the exercise by SAP AG of its rights under Sections 2.1 and 2.2 hereof, to exercise the rights set forth in Section 2.2
hereof, on a pro rata basis with SAP AG and all other Transferees (as determined by the number of Registrable Shares requested by SAP AG and all Transferees to be included in such registration). SAP
AG shall provide to the Company, upon completion of the transfer of Shares to a Transferee, a notice specifying (i) the date on which such transfer was completed, (ii) the identity of
the Transferee and (iii) the number of shares transferred (the "Transfer Notice"). The rights of the transferree set forth in this Section 14.5 are conditional upon the receipt by the
Company of the Transfer Notice. Further, the parties agree that, in the event that the reorganization of Commerce One into a holding company structure is consummated, that New Commerce One Holding (as
the publicly-traded holding company parent of Commerce One) shall without any further action of the parties automatically assume all of Commerce One's rights and obligations hereunder, and except as
the context requires otherwise all references herein to Commerce One shall be deemed to be references to New Commerce One Holding. Except as permitted herein, any assignment of rights or delegation of
duties under this Agreement by a party without the prior written consent of the other parties, unless such consent is expressly not required hereby, shall be void ab initio. This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

          14.6  Severability.  In the event that any provision of this Agreement or the application thereof,
becomes or is declared by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application of such
provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto. The parties further agree to replace such void or unenforceable provision
of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the economic, business and other purposes of such void or unenforceable provision. 

          14.7  Certain Company Representations.  This Agreement has been duly authorized by all necessary action
by the Company, and the Company's execution, delivery and performance of this Agreement does not
violate any other agreement or instrument to which it is currently a party. As of the date hereof, the Company has not granted registration rights to any holder of its securities except pursuant to
this Agreement, the Existing Registration Rights Agreement that grants registration rights to certain stockholders of the Company with respect to 4,528,170 shares of common stock and the Automaker
Registration Rights Agreement that grants to the Automaker Holders registration rights 

13

 

with respect to 28,800,000 shares of common stock. The Company hereby agrees not to grant or amend any registration rights that materially impair the registration rights granted to the Stockholder
hereunder. 

          14.8  Attorneys' Fees.  In any action at law or suit in equity in relation to this Agreement, the
prevailing party in such action or suit shall be entitled to receive a reasonable sum for its attorneys' fees and all other reasonable costs and expenses incurred in such action or suit. 

          14.9  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. 

          14.10  Term.  Except as provided herein, including without limitation in Sections 10, 12 and 13, and
except with respect to Section 14 as it is applicable to other Sections of this Agreement, the rights and obligations hereunder shall terminate six (6) years from the date of this
Agreement. 

[The remainder of this page is intentionally left blank]

14

    IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written. 

	 	 	COMMERCE ONE, INC.
	

 	
 	

By:	

/s/ PETER F. PERVERE   
	 	 	 	
 Name: Peter F. Pervere

Title: Senior Vice President and Chief Financial Officer
	

 	
 	
NEW COMMERCE ONE HOLDING, INC.
	

 	
 	

By:	

/s/ PETER F. PERVERE   
	 	 	 	
 Name: Peter F. Pervere

Title: Senior Vice President and Chief Financial Officer
	

 	
 	
SAP AG
	

 	
 	

By:	

/s/ WERNER BRANDT   
	 	 	 	
 Name: Werner Brandt

Title:
	

 	
 	

By:	

/s/ MICHAEL JUNGE   
	 	 	 	
 Name: Michael Junge

Title: General Counsel

[SIGNATURE
PAGE TO INVESTOR RIGHTS AGREEMENT] 

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