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Exhibit 10.70  

 
  PEREGRINE SYSTEMS, INC.
  RETENTION BONUS PLAN    
    

1.    Purpose of the Plan. The purpose of this Retention Bonus Plan (the "Plan") is to aid in
the retention of certain key employees of Peregrine Systems, Inc. and its subsidiaries, by providing a retention bonus for such employees in consideration of their continued employment in the
event of a Change of Control of the Company (as defined below). 

2.    Definitions. As used herein, the following definitions shall apply: 

        (a)   "Board" means the Board of Directors of the Company. 

        (b)   "Cause" means: 

        (i)    in
the case of a Participant whose employment with the Company is subject to the terms of an employment agreement, severance agreement, offer letter or similar document
between such Participant and the Company, which employment agreement includes a definition of "Cause", the term "Cause" as used in this Plan shall have the meaning set forth in such employment
agreement during the period that such employment agreement remains in effect; and 

        (ii)   in
all other cases, the term "Cause" means the occurrence of any of the following: (A) acts or omissions constituting gross negligence or willful misconduct
relating to the business of the Company; (B) repeated and continued failure to perform the duties and responsibilities of the Participant's position (other than as a result of a Disability)
after having a reasonable opportunity to cure such failure following notice; (C) inability to perform the essential functions of Participant's position, with or without reasonable
accommodation, due to disability; (D) breach of the Company's Invention and
Non-Disclosure and Arbitration Agreement (or similar agreement); (E) material violation of the Company's Code of Conduct; (F) conviction or entry of a plea of nolo contendere
for fraud, misappropriation or embezzlement; any crime of moral turpitude if such crime caused harm to the business and affairs of the Company in the reasonable determination of the Committee;
(G) any material violation of any federal or state securities law or any SEC or stock exchange rule or regulation with respect to the Company; or (H) conviction or entry of a plea of
guilty or nolo contendere with respect to any felony. 

        (c)   "Change of Control" means: 

        (i)    in
the case of a Participant whose employment with the Company is subject to the terms of an employment agreement, severance agreement, offer letter or similar document
between such Participant and the Company, which employment agreement includes a definition of "Change of Control", the term "Change of Control" as used in this Plan shall have the meaning set forth in
such employment agreement during the period that such employment agreement remains in effect; and 

        (ii)   in
all other cases, the term "Change of Control" means the first to occur of: 

        (A)  the
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons who were not stockholders of
the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of the
outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; 

        (B)  the
sale, transfer or other disposition of all or substantially all of the assets of the Company; 

 

        (C)  a
change in the composition of the Board, as a result of which fewer than 50% of the incumbent directors (or persons whose nomination for election as director has been
approved by incumbent directors) are directors; and 

        (D)  any
transaction as a result of which any person is the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Company representing at least 50% of the total voting power represented by the Company's then outstanding voting securities. 

For
purposes of this Section 2(c)(ii), the term "person" shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or of a parent or subsidiary of the Company and (2) a corporation owned directly or indirectly by the stockholders of
the Company in substantially the same proportions as their ownership of the common stock of the Company. 

        (d)   "Committee" has the meaning set forth in Section 5(a). 

        (e)   "Company" means Peregrine Systems, Inc., a Delaware corporation, and its successors and assigns. 

        (f)    "Disability" shall have the meaning set forth in the Company's long-term disability plan, as in effect as of
the Effective Date. 

        (g)   "Effective Date" has the meaning set forth in Section 3. 

        (h)   "Employee" means a full-time employee of the Company or any subsidiary of the Company. 

        (i)    "Exchange Act" means the Securities Exchange Act of 1934, as amended from time to time. 

        (j)    "Good Reason" means: 

        (i)    in
the case of a Participant whose employment with the Company is subject to the terms of an employment agreement, severance agreement, offer letter or similar document
between such Participant and the Company, which employment agreement includes a definition of "Good Reason", the term "Good Reason" as used in this Plan shall have the meaning set forth in such
employment agreement during the period that such employment agreement remains in effect; and 

        (ii)   in
all other cases, the term "Good Reason" means the occurrence of any of the following: 

        (A)  a
relocation of the Participant's principal place of employment of more than 50 miles without consent of the Participant; 

        (B)  a
material diminution of the Participant's duties or responsibilities; provided that a mere change in the Participant's title or reporting relationships will not be Good
Reason; 

        (C)  a
material reduction in the Participant's compensation (other than equity-based compensation) or employee benefits other than as part of a general reduction in
compensation or benefits of all similarly situated employees of the Company or any acquiror of the Company. 

        (k)   "Notice of Participation" means a notice provided to an Employee that he or she has been designated by the Committee as a
Participant in the Plan, and setting forth the Employee's Retention Bonus Amount. 

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        (l)    "Participant" means any Employee designated by the Committee as a Participant in the Plan. 

        (m)  "Plan" means this Peregrine Systems, Inc. Retention Bonus Plan, as amended from time to time. 

        (n)   "Retention Bonus Amount" means the aggregate amount of the cash retention bonus that a Participant would be eligible to
receive in connection with a Change of Control, as set forth in the Participant's Notice of Participation. The Retention Bonus Amount will be expressed in the applicable Notice of Participation as a
specific dollar amount. 

3.    Effective Date. The Plan was adopted by the Board on February 22, 2005, and became effective upon its adoption by the Board on
that date (the "Effective Date"). 

4.    Retention Bonuses. 

        (a)   Payment of Retention Bonuses. 

        (i)    Subject
to Section 4(a)(ii), the Retention Bonus Amount set forth in a Participant's Notice of Participation shall be payable to a Participant (A) fifty
percent (50%) upon the consummation of a Change of Control (the "First Payment"), and (B) fifty percent (50%) upon the date that is six months after the consummation of a Change of Control (the
"Second Payment"). If any scheduled payment date is not a business day, the applicable payment shall be made on the first business day following the applicable payment date. 

        (ii)   If
a Participant's employment with the Company is terminated prior to the date on which the First Payment and/or the Second Payment is otherwise payable, the
Participant's right to receive such payments shall be determined as follows: 

        (A)  Subject
to Section 4(a)(ii)(B), if a Participant's employment with the Company terminates for any reason prior to the consummation of a Change of Control, the
Participant shall immediately forfeit without consideration any right to any payments under the Plan; 

        (B)  Notwithstanding
Section 4(a)(ii)(A), if a Participant's employment is terminated by the Company without Cause, or by the Participant with Good Reason, in
connection with or in anticipation of a Change of Control, the First Payment and the Second Payment shall be payable upon the consummation of the Change of Control, unless the Participant is rehired
prior to the consummation of the Change of Control, in which case payment shall be made as if the Participant had never been terminated; 

        (C)  If
a Participant's employment is terminated by the Company for Cause, or by the Participant without Good Reason, following the consummation of the Change of Control but
prior to the date that is six months after the consummation of the Change of Control, the Second Payment shall be immediately forfeited without consideration; and 

        (D)  If
a Participant's employment is terminated by the Company without Cause, or by the Participant for Good Reason, following the consummation of the Change of Control but
prior to the date that is six months after the consummation of the Change of Control, the Second Payment shall be payable on the effective date of termination. 

        (b)   No Effect on Other Payments. Payments pursuant to the Plan shall be in addition to any amounts (including, but not
limited to severance or termination pay) that the Participant is otherwise entitled to as a result of a Change of Control and/or termination of employment with the Company following a Change of
Control. 

5.    Administration. 

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        (a)   Administration of the Plan. The Plan shall be administered by the Compensation Committee of the Board (the
"Committee"). Any power of the Committee may also be exercised by the Board. To the extent that any permitted action taken by the Board conflicts with
action taken by the Committee, the Board action shall control. The Committee may by resolution authorize one or more officers of the Company to perform any or all things that the Committee is
authorized and empowered to do or perform under the Plan, and for all purposes under this Plan, such officer or officers shall be treated as the Committee. 

        (b)   Powers and Authority. Subject to the express provisions of this Plan, the Committee shall be authorized and empowered to
do all things that it determines to be necessary or appropriate in connection with the administration of this Plan, including, without limitation: (i) to, prior to a Change of Control,
prescribe, amend and rescind rules and regulations relating to this Plan; (ii) to define terms not otherwise defined herein; (iii) to determine which Employees are Participants;
(iv) to determine the Retention Bonus Amount for each Participant; provided that in no event shall the aggregate Retention Bonus Amounts payable pursuant to the Plan exceed 1.5% of the total
consideration to be received by the Company's common stockholders in connection with a Change of Control; (v) to prescribe the terms of the Notices of Participation; (vi) to interpret
and construe this Plan, any rules and regulations under this Plan and the terms and conditions of any Notice of Participant, and to make exceptions to any such provisions in good faith and for the
benefit of the Company; and (vii) to make all other determinations deemed necessary or advisable for the administration of this Plan. The Committee need not designate all Employees at a
particular level of employment within the Company to be Participants in the Plan; and it need not apply an identical formula for determining the Retention Bonus Amount payable to all Participants in
the Plan, or to all Participants at the same level of employment. 

        (c)   All
decisions, determinations and interpretations by the Committee regarding the Plan, any rules and regulations under the Plan and the terms and conditions of or
operation of any Notice of Participation, shall be final and binding on all Participants, beneficiaries, heirs, assigns or other persons holding or claiming rights under the Plan. 

6.    Amendment of Plan. Prior to a Change of Control, the Board and the Committee shall each have the right to amend the Plan and/or any
Notice of Participation in any manner not materially adverse to the rights of Participants. Following a Change of Control, the Plan and/or the Notices of Participation may only be amended with the
consent of the Participants. 

7.    General Provisions

        (a)   No Contract of Employment. Nothing in this Plan or a Notice of Participation shall interfere with or limit in any way the
right of the Company or its subsidiaries to terminate any Participant's employment at any time or for any reason not prohibited by law, nor confer upon any Participant any right to continue his or her
employment or service for any specified period of time. Neither a Notice of Participation nor any benefits arising under this Plan shall constitute an employment contract with the Company or any
subsidiary. 

        (b)   Severability of Provisions. The invalidity or unenforceability of any provision of this Plan shall not affect the
validity or enforceability of any other provision of this Plan. If any provision of this Plan shall be held invalid or unenforceable in part, the remaining portion of such provision, together with all
other provisions of this Plan, shall remain valid and enforceable and continue in full force and effect to the fullest extent consistent with law. 

        (c)   Nonalienation of Benefits; Successors. 

        (i)    No
rights or obligations of any Participant under this Plan may be assigned or transferred by the Participant other than rights to payments or benefits hereunder, which
may be transferred only by will or the laws of descent and distribution. In the event of a 

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Participant's
death or a judicial determination of his incompetence, reference in this Plan to the Participant shall be deemed, where appropriate, to refer to the Participant's estate or other legal
representative(s). 

        (ii)   The
Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company expressly to assume and agree to perform this Plan in the same manner and to the same extent that the Company would have been required to perform it if no such succession had
taken place. As used in this Plan, the "Company" shall mean both the Company as defined above and any successor to its business and/or assets (by merger, purchase or otherwise) or which otherwise
becomes bound by all the terms and provisions of this Plan by operation of law or otherwise. 

        (d)   Unfunded Plan. The Plan is intended to be an unfunded plan. Participants are and shall at all times be general creditors
of the Company with respect to awards of retention bonuses hereunder. If the Committee or the Company chooses to set aside funds in a trust or otherwise for payments under the Plan, such funds shall
at all times be subject to the claims of the creditors of the Company in the event of its bankruptcy or insolvency. 

        (e)   Governing Law. This Plan and the Notices of Participation shall be interpreted and construed in accordance with the laws
of the Delaware and applicable federal law. Any reference in this Plan or in a Notice of Participation to a provision of law or to a rule or regulation shall be deemed to include any successor law,
rule or regulation of similar effect or applicability. 

        (f)    Withholding. The Company may withhold and deduct from any payment under this Plan all legally required amounts necessary
to satisfy any and all federal, state, local and foreign withholding and employment-related tax requirements. 

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Exhibit 10.71  

 
 

PEREGRINE SYSTEMS, INC.
  PERFORMANCE STOCK UNIT AGREEMENT    
    

        PERFORMANCE STOCK UNIT AGREEMENT (the "Agreement"), effective August 16, 2004, by and between Kenneth Saunders ("Awardee") and Peregrine
Systems, Inc., a Delaware corporation ("PSI"). 

        RECITALS

        WHEREAS,
Awardee and PSI are parties to an employment letter agreement dated July 20, 2004, as amended and restated March    , 2005, pursuant to which Awardee agreed to
provide certain services to PSI as an employee and officer of PSI (the "Employment Agreement"); and 

        WHEREAS,
the Employment Agreement provides that PSI will issue to Awardee, and Awardee desires to acquire from PSI, performance stock units (the "Units") representing the right to
participate in the future value of PSI upon the attainment of certain performance objectives, as contemplated in and subject to the terms and conditions of the Employment Agreement and this Agreement. 

        NOW
THEREFORE, in consideration of the foregoing, and the mutual covenants and agreements set forth herein, the parties hereto agree as follows: 

        1.    Definitions.    

        Capitalized
terms not explicitly defined in this Agreement but defined in the Employment Agreement shall have the same meanings ascribed to them in the Employment Agreement. 

        2.    Grant of Award.    

        PSI
hereby grants to Awardee, and Awardee hereby accepts, pursuant to the terms of the Employment Agreement and this Agreement (collectively, the "Award"), the right to acquire, upon
satisfaction of the Performance Conditions (as defined in Schedule II attached hereto) and the other terms and conditions set forth in herein, that number of Issued Units specified herein and
Awardee hereby accepts the Award. The Units are not and shall not be considered an equity interest in PSI and solely represent Awardee's right to receive the financial benefits described herein if and
only if a Sale Event is consummated that satisfies the criteria relating thereto set forth on Schedule I hereto. 

        3.    Units.    

        3.1.  If
Awardee remains continuously employed by PSI through the date of consummation of a Sale Event (in the event of certain terminations of employment prior to a Sale
Event Section 3.2 shall control), the target number of Units to be issued to Awardee shall be determined based on the Total Consideration and the Target Payout (each as defined and determined
in accordance with Schedule I hereto) (the "Target Number"). The actual number of Units to be issued to Awardee shall be that portion of the Target Number to which the Compensation Committee of
the Board determines in good faith Awardee is entitled based on Awardee's achievement of the performance conditions set forth in Schedule II (the "Issued Units"). Each Issued Unit shall have a
value equal to the Per Share Consideration. 

        3.2.  In
the event of Awardee's Termination without Cause, Termination for Good Reason or a Termination for Death or Disability (each as defined in the Employment Agreement)
prior to the occurrence of a Sale Event, and a Sale Event subsequently occurs on or before December 31, 2005 in which the Per Share Consideration equals or exceeds an amount that would have
resulted in a Target Number of Units being issued to Awardee if he had been employed at the date of consummation of the Sale Event, the target number of Units to be issued to Awardee (the
"Pro-Rated Target Number") shall be equal to (i) the target number of Units that would have been issued to Awardee had Awardee remained continuously employed by PSI through the date
of consummation of a Sale Event multiplied by (ii) a fraction, the numerator of which is the number of days of Awardee's employment with PSI from August 16, 2004 through the date of
termination, and the denominator of which is the total number of days from August 16, 2004 through the date of consummation of a Sale Event. The actual 

 

number
of Units to be issued to Awardee pursuant to this Section 3.2 shall be that portion of the Pro-Rated Target Number to which the Compensation Committee of the Board determines
in good faith Awardee is entitled based on Awardee's achievement of the performance conditions set forth in Schedule II through the date of Awardee's termination of employment with PSI (the
"Pro-Rated Issued Units"). Each Pro-Rated Issued Unit shall have a value equal to the Per Share Consideration. 

        4.    Non-transferability.    

        Awardee
shall not transfer, assign, encumber or otherwise dispose of the Units, or any interest therein. 

        5.    Payment in Respect of Issued Units.    

        Payment
of an amount per Issued Unit or Pro-Rated Issued Unit equal to the Per Share Consideration shall be made by PSI, at its sole election, in cash, shares of PSI common
stock (the aggregate fair market value of which shall be equivalent to the aggregate Per Share Consideration of all Issued Units or Pro-Rated Issued Units with respect to which payment is
made in PSI common stock), or a combination of cash and PSI common stock, at the closing of the Sale Event or within a reasonable time thereafter; provided that (i) PSI may only elect to pay
all or a portion of the payment in shares of PSI common stock if such PSI common stock remains registered under Section 12 of the Securities Exchange Act of 1934, as amended, and is traded on
an established stock exchange, quoted on a national market system or quoted regularly by a recognized securities dealer immediately following the closing of the Sale Event and (ii) if PSI
elects to make all or a portion of the payment in shares of PSI common stock, such shares shall be issued pursuant to an effective registration statement permitting immediate resale thereof by Awardee
without any volume limitations. 

        6.    "Sale Event" Defined.    

        For
purposes hereof, a "Sale Event" shall mean a sale of all or substantially all of (i) the assets of PSI or (ii) the equity securities of PSI, in each case pursuant to a
merger, consolidation, recapitalization, tender offer, exchange offer or other transaction or series of related transactions; provided, however, that a
"Sale Event" shall not be deemed to have occurred if more than 50% of the outstanding voting securities of the surviving or resulting entity (including, without limitation, an entity which as a result
of such transaction owns PSI or all or substantially all of PSI's assets either directly or through one or more subsidiaries) are, or are to be, beneficially owned, directly or indirectly, by the PSI
stockholders who were the beneficial owners of the outstanding voting securities of PSI immediately prior to such transaction (excluding, for such purposes, any such stockholder who is or, within two
years prior to the consummation date of such transaction, was, an "affiliate" or "associate" (as each are defined in Rule 12b-2 promulgated under the Securities Exchange Act of
1934, as amended) of a party to the transaction) in substantially the same proportions as their beneficial ownership, immediately prior to such transaction, of the outstanding voting securities of
PSI. 

        7.    Vesting.    

        The
Award shall be fully vested as of August 16, 2004 (the "Date of Grant"). 

        8.    Limitations on Transfer.    

        Only
Awardee may receive any Issued Units under the Award. In addition to any other limitation on transfer created by applicable securities laws, Awardee agrees not to sell, assign,
hypothecate, donate, encumber or otherwise dispose of any interest in the Award until such time as the Units become Issued Units pursuant to the Employment Agreement. 

        9.    Restrictive Legends.    

        The
stock certificates evidencing any Shares issued under the Award shall bear appropriate legends determined by PSI. 

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        10.    Award not a Service Contract.    

        The
Award is not an employment or service contract, and nothing in the Award shall be deemed to create in any way whatsoever any obligation on PSI or an affiliate to continue Awardee's
employment or service. In addition, nothing in the Award shall obligate PSI or an affiliate, their respective stockholders, Boards of Directors, officers or employees to continue any relationship that
Awardee may have as an employee or director of, or consultant to, PSI or an affiliate. 

        11.    Withholding Obligations.    

        11.1. At
the time the Units become Issued Units, and at any time after the date this Award is granted as is reasonably requested by PSI, Awardee authorizes withholding from
payroll and any other amounts payable to him or her, and otherwise agrees to make adequate provision for, any sums required to satisfy the federal, state, local and foreign tax withholding obligations
of PSI or an affiliate, if any, which arise in connection with the Award, subject to Section 8 (280G Payment) of the Employment Agreement. 

        11.2. Unless
the tax withholding obligations of PSI or any affiliate are satisfied, PSI shall have no obligation to make a payment in respect of the Award (but subject to
Section 8 (280G Payment) of the Employment Agreement). 

        12.    Representations.    

        Awardee
has reviewed with his or her own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement.
Awardee is relying solely on such advisors and not on any statements or representations of PSI or any of its agents. Awardee understands that he (and not PSI) shall be responsible for any tax
liability that may arise as a result of this investment or the transactions contemplated by this Agreement. 

        13.    Notices.    

        Any
notices provided for in the Award or the Employment Agreement shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by
mail by PSI to Awardee, five days after deposit in the United States mail, postage prepaid, addressed to Awardee at the last address provided by Awardee to PSI. 

        14.    Survival of Terms.    

        This
Agreement shall apply to and bind Awardee and PSI and their respective permitted assignees and transferees, heirs, legatees, executors, administrators and legal successors. 

        15.    Failure to Enforce not a Waiver.    

        The
failure of PSI to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 

        16.    Amendments.    

        This
Agreement may be amended or modified at any time only by an instrument in writing signed by each of the parties hereto. 

        17.    Authority of the Committee.    

        The
committee of the Board of Directors appointed to administer PSI's 2003 Equity Incentive Plan (the "Committee") shall have full authority to interpret and construe the terms of this
Agreement. 

        18.    Miscellaneous.    

        18.1. The
rights and obligations of PSI under the Award shall be transferable to any one or more persons or entities, and all covenants and agreements hereunder shall inure
to the benefit of, and be enforceable by PSI's successors and assigns. 

        18.2. Awardee
agrees upon request to execute any further documents or instruments necessary or desirable in the sole determination of PSI to carry out the purposes or intent
of the Award. 

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        18.3. Awardee
acknowledges and agrees that he or she has reviewed the Award in its entirety, has had an opportunity to obtain the advice of counsel prior to executing and
accepting such Award and fully understands all provisions of the Award. 

        19.    Employment Agreement Governs.    

        The
Award is subject to all the provisions of the Employment Agreement, the provisions of which are hereby made a part of Awardee's Award, and is further subject to all amendments which
may from time to time be adopted in relation to the Employment Agreement. In the event of any conflict between the provisions of the Award and those of the Employment Agreement, the provisions of the
Employment Agreement shall control. 

        Awardee
represents that he has read this Agreement and is familiar with its terms and provisions. 

        20.    Community Property.    

        Without
prejudice to the actual rights of the spouses as between each other, for all purposes of this Agreement, Awardee shall be treated as agent and
attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Award and any Shares issued under this Award and the parties hereto shall act in
all matters as if the Awardee was the sole owner of the same. This appointment is coupled with an interest and is irrevocable. 

        21.    Governing Law.    

        This
Agreement will be governed by the internal laws of the State of California without reference to its conflict of laws provisions. 

        22.    Arbitration.    

        22.1. General.    Any controversy, dispute, or claim between the parties to this Agreement, including any claim
arising out of, in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by binding arbitration, before a single
arbitrator, in accordance with these provisions and the then most applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any
state or federal court having jurisdiction thereof. Such arbitration shall be administered by the American Arbitration Association. Arbitration shall be the exclusive remedy for determining any such
dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter apply to a court for provisional relief, including a temporary restraining order or a
preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief. Unless mutually agreed by the parties
otherwise, any arbitration shall take place in the City of San Diego, California. 

        22.2. Selection of Arbitrator.    In the event the parties are unable to agree upon an arbitrator, the parties
shall select a single arbitrator from a list of nine arbitrators drawn by the parties at random from the "Independent" (or "Gold Card") list of retired judges or, at Awardee's option, from a list of
nine persons (which shall be retired judges or corporate or litigation attorneys experienced in stock options and buy-sell agreements) provided by the office of the American Arbitration
Association having jurisdiction over San Diego, California. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from the
list, with the first to strike being determined by lot. After each party has used four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any
reason, the parties shall repeat this process until an arbitrator is selected. 

        22.3. Applicability of Arbitration; Remedial Authority.    This agreement to resolve any disputes by binding
arbitration shall extend to claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, shareholder, employee or agent of each
party, or of any of the above, and shall apply as well to claims arising out of state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a
dispute subject to this 

4

 

paragraph
the parties shall be entitled to reasonable discovery subject to the discretion of the arbitrator. The remedial authority of the arbitrator (which shall include the right to grant injunctive
or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the parties and their dispute. The arbitrator shall, upon an
appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled to summary judgment if the matter had been pursued in
court litigation. In the event of a conflict between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

        22.4. Fees and Costs.    The costs and fees of the arbitrator and the arbitration proceeding shall be borne 50% by
you and PSI. Each of you and PSI shall bear their own attorneys' fees and expenses. 

        22.5. Award Final and Binding.    The arbitrator shall render an award and written opinion, and the award shall be
final and binding upon the parties. If any of these arbitration provisions, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination
shall not affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure
that the resolution of all conflicts between the parties, including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that the
arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any subsequent action, given great
weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 

        [signature
page follows] 

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        IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 

	Peregrine Systems, Inc.
	

By:	
 	

 	
 	

By:	
 	

 
	 	 	
	 	 	 	

	 	 	Signature	 	 	 	Kenneth Saunders
	

Name:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	

Title:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 

        CONSENT
OF SPOUSE 

        The
undersigned spouse of the Awardee hereby acknowledges that: I have read the foregoing Performance Stock Unit Agreement and that I understand its contents. I am aware that the
Agreement imposes restrictions on the transfer of the Award and on any Shares issued thereunder. I agree that my spouse's interest in the Award and any Shares issued under the Award is subject to this
Agreement and any interest I may have in such Award or in such Shares shall be irrevocably bound by this Agreement and further that my community property interest, if any, shall be similarly bound by
this Agreement. 

        I
am aware that the legal, financial and other matters contained in this Agreement are complex and I am free to seek advice with respect thereto from independent counsel. I have either
sought such advice or determined after carefully reviewing this Agreement that I will waive such right. 

	Dated: As of                        , 2004	 	 
	 	 	

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PEREGRINE SYSTEMS, INC. PERFORMANCE STOCK UNIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]