Exhibit 10.24

THIRD AMENDMENT

THIS THIRD AMENDMENT (this “Amendment”) dated as of February 5, 2010 is among
Websense, Inc., a Delaware corporation (the “Borrower”), the Guarantors
identified on the signature pages hereto (the “Guarantors”), the Lenders
identified on the signature pages hereto and Bank of America, N.A., as Senior
Administrative Agent (in such capacity, the “Senior Administrative Agent”).

W I T N E S S E T H

WHEREAS, credit facilities have been extended to the Borrower pursuant to the
Senior Credit Agreement (as amended, modified, supplemented, increased and
extended from time to time, the “Credit Agreement”) dated as of October 11, 2007
among the Borrower, the Lenders identified therein and Bank of America, N.A.
(successor to Morgan Stanley Senior Funding, Inc.), as Senior Administrative
Agent;

WHEREAS, the Borrower has requested that the Required Lenders approve the
modifications to the Senior Credit Agreement set forth herein.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1. Defined Terms. Capitalized terms used herein but not otherwise defined herein
shall have the meanings provided to such terms in the Senior Credit Agreement.

2. Amendments.

2.1 The definition of Consolidated Net Income in Section 1.1 of the Senior
Credit Agreement is amended by replacing the “and” between clauses (i) and
(ii) with a “,” and inserting a new a new phrase at the end of clause (ii) to
read as follows:

and (iii) solely for purposes of Section 8.6(c), amortization of intangibles;

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2.2 Section 8.6(c) is amended to read as follows:

(c) so long as (i) no Default or Event of Default shall have occurred and be
continuing or would result therefrom and (ii) after giving effect thereto the
Borrower and its Subsidiaries shall have at least $50,000,000 in cash and Cash
Equivalents, the Borrower may purchase its outstanding Capital Stock in an
aggregate amount not to exceed 50% of the aggregate amount of Consolidated Net
Income accrued during the period (treated as one accounting period) from the
beginning of the fiscal quarter during which the Effective Date occurs to the
end of the most recently ended fiscal quarter for which financial statements
were delivered to the Senior Administrative Agent pursuant to Section 7.1 (or if
the aggregate amount of Consolidated Net Income for such period shall be a
deficit, $0);

3. Conditions Precedent. This Amendment shall be effective as of the date hereof
upon satisfaction of each of the following conditions precedent:

(a) Receipt by the Senior Administrative Agent of counterparts of this Amendment
executed by the Loan Parties and the Required Lenders.

(b) Payment by the Borrower to the Senior Administrative Agent, for the ratable
benefit of each Lender that executes and delivers this Amendment by February __,
2010 (each an “Approving Lender”), of an amendment fee equal to five basis
points (0.05%) on each Approving Lender’s Revolving Commitment and the
outstanding principal amount of the Term Loan held by each Approving Lender.

(c) payment by the Borrower to Banc of America Securities LLC and the Senior
Administrative Agent of all other fees and expenses owing on the date hereof in
connection with this Amendment.

4. Amendment is a “Loan Document”. This Amendment is a Loan Document.

5. Reaffirmation of Representations and Warranties. Each Loan Party represents
and warrants that, after giving effect to this Amendment, the representations
and warranties set forth in the Loan Documents are true and correct in all
material respects as of the date hereof (except those that expressly relate to
an earlier period).

 

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6. Reaffirmation of Obligations. Each Loan Party (a) acknowledges and consents
to all of the terms and conditions of this Amendment, (b) affirms all of its
obligations under the Loan Documents and (c) agrees that this Amendment and all
documents executed in connection herewith do not operate to reduce or discharge
such Loan Party’s obligations under the Loan Documents.

7. Reaffirmation of Security Interests. Each Loan Party (a) affirms that each of
the Liens granted in or pursuant to the Loan Documents are valid and subsisting
and (b) agrees that this Amendment shall in no manner impair or otherwise
adversely effect any of the Liens granted in or pursuant to the Loan Documents.

8. No Other Changes. Except as modified hereby, all of the terms and provisions
of the Loan Documents including schedules and exhibits thereto) shall remain in
full force and effect.

9. Counterparts; Facsimile Delivery. This Amendment may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original and it shall not be necessary in making proof of this
Amendment to produce or account for more than one such counterpart. Delivery of
an executed counterpart of this Amendment by facsimile or other electronic
imagine means shall be effective as an original.

10. Governing Law. This Amendment shall be deemed to be a contract made under,
and for all purposes shall be construed in accordance with, the laws of the
State of New York.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Third Amendment to be duly executed and delivered as of the date first above
written.

 

BORROWER:   WEBSENSE, INC., a Delaware corporation   By:       Name:     Title:
 

 

GUARANTORS:   PORTAUTHORITY TECHNOLOGIES, INC., a Delaware corporation  
SURFCONTROL, INC., a California corporation

  By:       Name:     Title:  

[Signature Pages Continue]

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SENIOR ADMINISTRATIVE AGENT:   BANK OF AMERICA, N.A., as Senior Administrative
Agent   By:       Name:     Title:  

 

LENDERS:   BANK OF AMERICA, N.A., as a Lender   By:       Name:     Title:    
KEY BANK NATIONAL ASSOCIATION   By:       Name:     Title:     JPMORGAN CHASE
BANK, N.A.   By:       Name:     Title:  

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  WELLS FARGO FOOTHILL   By:       Name:     Title:     CALIFORNIA BANK & TRUST
  By:       Name:     Title:     COMERICA BANK   By:       Name:     Title:    
BANK OF THE WEST   By:       Name:     Title:  

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  EAST WEST BANK   By:       Name:     Title:     HSBC BANK USA, NATIONAL
ASSOCIATION   By:       Name:     Title:     SILICON VALLEY BANK   By:      
Name:     Title:     U.S. BANK NATIONAL ASSOCIATION   By:       Name:     Title: