September 22, 2009 Re: Waiver of certain rights in connection with the Offering Douglas C. Jeffries Senior Vice President and Chief Financial Officer Palm, Inc. 950 W. Maude Avenue, Sunnyvale, California 94085 Dear Mr. Jeffries:Waiver of Certain Rights in Connection With the Offering • September 23rd, 2009 • Elevation Partners, L.P. • Computer terminals
Contract Type FiledSeptember 23rd, 2009 Company IndustryReference is made to the Amended and Restated Stockholder’s Agreement between Palm, Inc. (“Palm”), Elevation Partners, L.P. (“Elevation Partners”) and Elevation Employee Side Fund, LLC (together with Elevation Partners, “Elevation”) dated as of January 9, 2009 (the “Stockholders’ Agreement”) and the Amended and Restated Registration Rights Agreement between Palm and Elevation dated as of January 9, 2009, as amended (the “Registration Rights Agreement”). Each capitalized term used herein and not otherwise defined shall have the meaning ascribed to such term in the Registration Rights Agreement.