Document:

INTRALINKS HOLDINGS, INC.

 

2010 EQUITY INCENTIVE PLAN

 

As Amended and Restated

 

SECTION
1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS

 

The name of the plan is the IntraLinks Holdings,
Inc. 2010 Equity Incentive Plan (the “Plan”). The purpose of the Plan is to encourage and enable the officers, employees,
Non-Employee Directors and other key persons (including Consultants) of IntraLinks Holdings, Inc. (the “Company”) and
its Subsidiaries upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its business
to acquire a proprietary interest in the Company. It is anticipated that providing such persons with a direct stake in the Company’s
welfare will assure a closer identification of their interests with those of the Company and its stockholders, thereby stimulating
their efforts on the Company’s behalf and strengthening their desire to remain with the Company.

 

The following terms shall be defined as
set forth below:

 

“Act” means the Securities
Act of 1933, as amended, and the rules and regulations thereunder.

 

“Administrator” means
either the Board or the compensation committee of the Board or a similar committee performing the functions of the compensation
committee and which is comprised of not less than two Non-Employee Directors who are independent.

 

“Award” or “Awards,”
except where referring to a particular category of grant under the Plan, shall include Incentive Stock Options, Non-Qualified Stock
Options, Stock Appreciation Rights, Restricted Stock Units, Restricted Stock Awards, Unrestricted Stock Awards, Cash-Based Awards,
Performance Share Awards and Dividend Equivalent Rights.

 

“Award Certificate” means
a written or electronic document setting forth the terms and provisions applicable to an Award granted under the Plan. Each Award
Certificate is subject to the terms and conditions of the Plan.

 

“Board” means the Board
of Directors of the Company.

 

“Cash-Based Award” means
an Award entitling the recipient to receive a cash-denominated payment.

 

“Code” means the Internal
Revenue Code of 1986, as amended, and any successor Code, and related rules, regulations and interpretations.

 

“Consultant” means any
natural person that provides bona fide services to the Company, and such services are not in connection with the offer or sale
of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s
securities.

 

    	 

    	 

    

 

 

“Covered Employee” means
an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.

 

“Dividend Equivalent Right”
means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock
specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the
grantee.

 

“Effective Date” means
August 6, 2010.

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder.

 

“Fair Market Value” of
the Stock on any given date means the closing price of the Stock as reported by the New York Stock Exchange for the immediately
preceding date; provided, however, that if no shares of Stock are traded on the New York Stock Exchange on the immediately preceding
date, determination shall be made by reference to the last date preceding such date on which the Stock is traded.

 

“Incentive Stock Option”
means any Stock Option designated and qualified as an “incentive stock option” as defined in Section 422 of the
Code.

 

“Non-Employee Director”
means a member of the Board who is not also an employee of the Company or any Subsidiary.

 

“Non-Qualified Stock Option”
means any Stock Option that is not an Incentive Stock Option.

 

“Option” or “Stock
Option” means any option to purchase shares of Stock granted pursuant to Section 5.

 

“Performance-Based Award”
means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee
that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations
promulgated thereunder.

 

“Performance Criteria”
means the criteria that the Administrator selects for purposes of establishing the Performance Goal or Performance Goals for an
individual for a Performance Cycle. The Performance Criteria (which shall be applicable to the organizational level specified by
the Administrator, including, but not limited to, the Company or a unit, division, group, or Subsidiary of the Company) that will
be used to establish Performance Goals are limited to the following: cash flow (including, but not limited to, operating cash flow
and free cash flow), revenue (including but not limited to total company revenue and revenue in specific industries or use cases),
bookings, EBITDA (earnings before interest, taxes, depreciation and amortization), net income (loss) (either before or after interest,
taxes, depreciation and/or amortization), changes in the market price of the Stock, acquisitions or strategic transactions, operating
income (loss), return on capital, assets, equity, or investment, stockholder returns, return on sales, gross or net profit levels,
productivity, expense, margins, operating efficiency, customer satisfaction, working capital, earnings (loss) per share of Stock,
any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a
peer group.

 

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“Performance Cycle” means
one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the
attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the
payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award. Each such period shall
not be less than 12 months.

 

“Performance Goals” means,
for a Performance Cycle, the specific goals established in writing by the Administrator for a Performance Cycle based upon the
Performance Criteria.

 

“Performance Share Award”
means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

 

“Restricted Stock Award”
means an Award entitling the recipient to acquire, at such purchase price (which may be zero) as determined by the Administrator,
shares of Stock subject to such restrictions and conditions as the Administrator may determine at the time of grant.

 

“Restricted Stock Units”
means an Award of phantom stock units to a grantee.

 

“Sale Event” shall mean
(i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity,
(ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power immediately
prior to such transaction do not own a majority of the outstanding voting power of the resulting or successor entity (or its ultimate
parent, if applicable) immediately upon completion of such transaction, or (iii) the sale of all of the Stock of the Company to
an unrelated person or entity.

 

“Sale Price” means the
value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of
Stock pursuant to a Sale Event.

 

“Section 409A” means
Section 409A of the Code and the regulations and other guidance promulgated thereunder.

 

“Stock” means the Common
Stock, par value $.001 per share, of the Company, subject to adjustments pursuant to Section 3.

 

“Stock Appreciation Right”
means an Award entitling the recipient to receive shares of Stock having a value equal to the excess of the Fair Market Value of
the Stock on the date of exercise over the exercise price of the Stock Appreciation Right multiplied by the number of shares of
Stock with respect to which the Stock Appreciation Right shall have been exercised.

 

“Subsidiary” means any
corporation or other entity (other than the Company) in which the Company has at least a 50 percent interest, either directly or
indirectly.

 

“Ten Percent Owner” means
an employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than 10 percent
of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation.

 

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“Unrestricted Stock Award”
means an Award of shares of Stock free of any restrictions.

 

SECTION
2. ADMINISTRATION OF PLAN; ADMINISTRATOR AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS

 

(a)Administration of Plan.
The Plan shall be administered by the Administrator.

 

(b)Powers of Administrator.
The Administrator shall have the power and authority to grant Awards consistent with the terms of the Plan, including the power
and authority:

 

(i)to select the individuals to
whom Awards may from time to time be granted;

 

(ii)to determine the time or times
of grant, and the extent, if any, of Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights, Restricted
Stock Awards, Restricted Stock Units, Unrestricted Stock Awards, Cash-Based Awards, Performance Share Awards and Dividend Equivalent
Rights, or any combination of the foregoing, granted to any one or more grantees;

 

(iii)to determine the number of
shares of Stock to be covered by any Award;

 

(iv)to determine and modify from
time to time the terms and conditions, including restrictions, not inconsistent with the terms of the Plan, of any Award, which
terms and conditions may differ among individual Awards and grantees, and to approve the forms of Award Certificates;

 

(v)to accelerate at any time the
exercisability or vesting of all or any portion of any Award upon a Sale Event or in connection with a grantee’s termination
of employment;

 

(vi)subject to the provisions of
Section 5(b), to extend at any time the period in which Stock Options may be exercised; and

 

(vii)at any time to adopt, alter
and repeal such rules, guidelines and practices for administration of the Plan and for its own acts and proceedings as it shall
deem advisable; to interpret the terms and provisions of the Plan and any Award (including related written instruments); to make
all determinations it deems advisable for the administration of the Plan; to decide all disputes arising in connection with the
Plan; and to otherwise supervise the administration of the Plan.

 

All decisions and interpretations of the
Administrator shall be binding on all persons, including the Company and Plan grantees.

 

(c)Delegation of Authority
to Grant Options. Subject to applicable law, the Administrator, in its discretion, may delegate to the Chief Executive Officer
of the Company all or part of the Administrator’s authority and duties with respect to the granting of Options to individuals
who are (i) not subject to the reporting and other provisions of Section 16 of the Exchange Act and (ii) not Covered Employees.
Any such delegation by the Administrator shall include a limitation as to the amount of Options that may be granted during the
period of the delegation and shall contain guidelines as to the determination of the exercise price and the vesting criteria. The
Administrator may revoke or amend the terms of a delegation at any time but such action shall not invalidate any prior actions
of the Administrator’s delegate or delegates that were consistent with the terms of the Plan.

 

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(d)Award Certificate.
Awards under the Plan shall be evidenced by Award Certificates that set forth the terms, conditions and limitations for each Award
which may include, without limitation, the term of an Award and the provisions applicable in the event employment or service terminates.

 

(e)Indemnification. Neither
the Board nor the Administrator, nor any member of either or any delegate thereof, shall be liable for any act, omission, interpretation,
construction or determination made in good faith in connection with the Plan, and the members of the Board and the Administrator
(and any delegate thereof) shall be entitled in all cases to indemnification and reimbursement by the Company in respect of any
claim, loss, damage or expense (including, without limitation, reasonable attorneys’ fees) arising or resulting therefrom
to the fullest extent permitted by law and/or under the Company’s articles or bylaws or any directors’ and officers’
liability insurance coverage which may be in effect from time to time and/or any indemnification agreement between such individual
and the Company.

 

(f)Foreign Award Recipients.
Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in other countries in which the Company
and its Subsidiaries operate or have employees or other individuals eligible for Awards, the Administrator, in its sole discretion,
shall have the power and authority to: (i) determine which Subsidiaries shall be covered by the Plan; (ii) determine which individuals
outside the United States are eligible to participate in the Plan; (iii) modify the terms and conditions of any Award granted to
individuals outside the United States to comply with applicable foreign laws; (iv) establish subplans and modify exercise procedures
and other terms and procedures, to the extent the Administrator determines such actions to be necessary or advisable (and such
subplans and/or modifications shall be attached to this Plan as appendices); provided, however, that no such subplans and/or modifications
shall increase the share limitations contained in Section 3(a) hereof; and (v) take any action, before or after an Award
is made, that the Administrator determines to be necessary or advisable to obtain approval or comply with any local governmental
regulatory exemptions or approvals. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no
Awards shall be granted, that would violate the Exchange Act or any other applicable United States securities law, the Code, or
any other applicable United States governing statute or law.

 

SECTION
3. STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION

 

(a)Stock Issuable. The
maximum number of shares of Stock reserved and available for issuance under the Plan shall be the sum of (i) 3,314,330 shares (the
number of shares of Stock reserved under the Plan on the Effective Date), (ii) 4,500,000 shares (the new shares of Stock added
to the Plan), (iii) such number of shares equal to the shares underlying any stock options or awards returned to the Company’s
2007 Stock Option and Grant Plan after the Effective Date as a result of the expiration, forfeiture, cancellation or termination
of such stock options or awards (other than by means of exercise), and (iv) such number of shares equal to the shares underlying
any awards that are forfeited, canceled, reacquired by the Company prior to vesting, or otherwise terminated under the Company’s
2007 Restricted Preferred Stock Plan after the Effective Date, subject, in each case, to adjustment as provided in Section 3(b).
Subject to such overall limitation, the maximum aggregate number of shares of Stock that may be issued in the form of Incentive
Stock Options shall not exceed 8,000,000, subject to adjustment as provided in Section 3(c). For purposes of the number of shares
of Stock authorized for grant under this Section 3(a), the shares of Stock underlying any Awards that are forfeited, canceled or
otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under the Plan.
Notwithstanding anything to the contrary contained herein, the following shares shall not be added to the shares authorized for
grant under this Section 3(a): (A) shares tendered by a grantee or withheld by the Company in payment of the exercise price of
an Option, or to satisfy any tax withholding obligation with respect to an Award, (B) shares subject to a Stock Appreciation Right
that are not issued in connection with the settlement of the Stock Appreciation Right on exercise thereof, and (C) shares reacquired
by the Company on the open market or otherwise using cash proceeds from the exercise of Options. Subject to such overall limitations,
shares of Stock may be issued up to such maximum number pursuant to any type or types of Award; provided, however, that Stock Options
or Stock Appreciation Rights with respect to no more than 2,000,000 shares of Stock may be granted to any one individual grantee
during any one calendar year period. The shares available for issuance under the Plan may be authorized but unissued shares of
Stock or shares of Stock reacquired by the Company.

 

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(b)Effect of Awards. The
grant of any full value Award (i.e., an Award other than an Option or a Stock Appreciation Right) shall be deemed, for purposes
of determining the number of shares of Stock available for issuance under Section 3(a), as an Award of 1.23 shares of Stock for
each such share of Stock actually subject to the Award. The grant of an Option or a Stock Appreciation Right shall be deemed, for
purposes of determining the number of shares of Stock available for issuance under Section 3(a), as an Award for one share of Stock
for each such share of Stock actually subject to the Award. Any forfeitures, cancellations or other terminations (other than by
exercise) of Awards granted after April 26, 2012 shall be returned to the reserved pool of shares of Stock under
the Plan in the same manner.

 

(c)Changes in Stock. Subject
to Section 3(d) hereof, if, as a result of any reorganization, recapitalization, reclassification, stock dividend, stock split,
reverse stock split or other similar change in the Company’s capital stock, the outstanding shares of Stock are increased
or decreased or are exchanged for a different number or kind of shares or other securities of the Company, or additional shares
or new or different shares or other securities of the Company or other non-cash assets are distributed with respect to such shares
of Stock or other securities, or, if, as a result of any merger or consolidation, sale of all or substantially all of the assets
of the Company, the outstanding shares of Stock are converted into or exchanged for securities of the Company or any successor
entity (or a parent or subsidiary thereof), the Administrator shall make an appropriate or proportionate adjustment in (i) the
maximum number of shares reserved for issuance under the Plan, including the maximum number of shares that may be issued in the
form of Incentive Stock Options, (ii) the number of Stock Options or Stock Appreciation Rights that can be granted to any one individual
grantee and the maximum number of shares that may be granted under a Performance-Based Award, (iii) the number and kind of shares
or other securities subject to any then outstanding Awards under the Plan, (iv) the repurchase price, if any, per share subject
to each outstanding Restricted Stock Award, and (v) the exercise price for each share subject to any then outstanding Stock
Options and Stock Appreciation Rights under the Plan, without changing the aggregate exercise price (i.e., the exercise price multiplied
by the number of Stock Options and Stock Appreciation Rights) as to which such Stock Options and Stock Appreciation Rights remain
exercisable. The Administrator shall also make equitable or proportionate adjustments in the number of shares subject to outstanding
Awards and the exercise price and the terms of outstanding Awards to take into consideration cash dividends paid other than in
the ordinary course or any other extraordinary corporate event. The adjustment by the Administrator shall be final, binding and
conclusive. No fractional shares of Stock shall be issued under the Plan resulting from any such adjustment, but the Administrator
in its discretion may make a cash payment in lieu of fractional shares.

 

(d)Mergers and Other Transactions.
Except as the Administrator may otherwise specify with respect to particular Awards in the relevant Award Certificate, in the case
of and subject to the consummation of a Sale Event, the Plan and all outstanding Awards granted hereunder shall terminate, unless
provision is made in connection with the Sale Event in the sole discretion of the parties thereto for the assumption or continuation
of Awards theretofore granted by the successor entity, or the substitution of such Awards with new Awards of the successor entity
or parent thereof, with appropriate adjustment as to the number and kind of shares and, if appropriate, the per share exercise
prices, as such parties shall agree (after taking into account any acceleration hereunder). In the event of such termination, (i)
the Company shall have the option (in its sole discretion) to make or provide for a cash payment to the grantees holding Options
and Stock Appreciation Rights, in exchange for the cancellation thereof, in an amount equal to the difference between (A) the Sale
Price multiplied by the number of shares of Stock subject to outstanding Options and Stock Appreciation Rights (to the extent then
exercisable after taking into account any acceleration hereunder at prices not in excess of the Sale Price) and (B) the aggregate
exercise price of all such outstanding Options and Stock Appreciation Rights; or (ii) each grantee shall be permitted, within a
specified period of time prior to the consummation of the Sale Event as determined by the Administrator, to exercise all outstanding
Options and Stock Appreciation Rights (to the extent then exercisable after taking into account any acceleration hereunder) held
by such grantee. In connection with any Sale Event in which all of the consideration is cash, the parties to any such Sale Event
may also provide that some or all outstanding Awards that would otherwise not be fully vested and exercisable in full after giving
effect to the Sale Event will be converted (a “Converted Award”) into the right to receive the consideration payable
to holders of Stock in the Sale Event (net of the applicable exercise price), subject to any remaining vesting provisions relating
to such Awards and the other terms and conditions of the Sale Event (such as indemnification obligations and purchase price adjustments)
to the extent provided by the parties regarding the effect on Converted Awards of termination of employment following a Sale Event.
Terms relating to vesting, if any, in connection with a Sale Event shall be as determined by the Board and as specified in the
relevant Award Certificate.

 

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(e)Substitute Awards.
The Administrator may grant Awards under the Plan in substitution for stock and stock based awards held by employees, directors
or other key persons of another corporation in connection with the merger or consolidation of the employing corporation with the
Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the employing corporation. The
Administrator may direct that the substitute awards be granted on such terms and conditions as the Administrator considers appropriate
in the circumstances. Any substitute Awards granted under the Plan shall not count against the share limitation set forth in Section 3(a).

 

SECTION
4. ELIGIBILITY

 

Grantees under the Plan will be such full
or part-time officers and other employees, Non-Employee Directors and key persons (including Consultants) of the Company and its
Subsidiaries as are selected from time to time by the Administrator in its sole discretion.

 

SECTION
5. STOCK OPTIONS

 

Any Stock Option granted under the Plan
shall be in such form as the Administrator may from time to time approve.

 

Stock Options granted under the Plan may
be either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only to employees of the
Company or any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code.
To the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a Non-Qualified Stock Option.

 

Stock Options granted pursuant to this Section 5
shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent
with the terms of the Plan, as the Administrator shall deem desirable. If the Administrator so determines, Stock Options may be
granted in lieu of cash compensation at the optionee’s election, subject to such terms and conditions as the Administrator
may establish.

 

(a)Exercise Price. The
exercise price per share for the Stock covered by a Stock Option granted pursuant to this Section 5 shall be determined by
the Administrator at the time of grant but shall not be less than 100 percent of the Fair Market Value on the date of grant. In
the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the option price of such Incentive Stock Option shall
be not less than 110 percent of the Fair Market Value on the grant date.

 

(b)Option Term. The term
of each Stock Option shall be fixed by the Administrator, but no Stock Option shall be exercisable more than ten years after the
date the Stock Option is granted. In the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the term of
such Stock Option shall be no more than five years from the date of grant.

 

(c)Exercisability; Rights
of a Stockholder. Stock Options shall become exercisable at such time or times, whether or not in installments, as shall be
determined by the Administrator at or after the grant date. The Administrator may at any time accelerate the exercisability of
all or any portion of any Stock Option. An optionee shall have the rights of a stockholder only as to shares acquired upon the
exercise of a Stock Option and not as to unexercised Stock Options.

 

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(d)Method of Exercise.
Stock Options may be exercised in whole or in part, by giving written or electronic notice of exercise to the Company, specifying
the number of shares to be purchased. Payment of the purchase price may be made by one or more of the following methods to the
extent provided in the Option Award Certificate:

 

(i)In cash, by certified or bank
check or other instrument acceptable to the Administrator;

 

(ii)Through the delivery (or attestation
to the ownership) of shares of Stock that have been purchased by the optionee on the open market or that have been beneficially
owned by the optionee for at least six months and that are not then subject to restrictions under any Company plan. Such surrendered
shares shall be valued at Fair Market Value on the exercise date;

 

(iii)By the optionee delivering
to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the
Company cash or a check payable and acceptable to the Company for the purchase price; provided that in the event the optionee chooses
to pay the purchase price as so provided, the optionee and the broker shall comply with such procedures and enter into such agreements
of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; or

 

(iv)With respect to Stock Options
that are not Incentive Stock Options, by a “net exercise” arrangement pursuant to which the Company will reduce the
number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed
the aggregate exercise price.

 

Payment instruments will be received subject to collection.
The transfer to the optionee on the records of the Company or of the transfer agent of the shares of Stock to be purchased pursuant
to the exercise of a Stock Option will be contingent upon receipt from the optionee (or a purchaser acting in his stead in accordance
with the provisions of the Stock Option) by the Company of the full purchase price for such shares and the fulfillment of any other
requirements contained in the Option Award Certificate or applicable provisions of laws (including the satisfaction of any withholding
taxes that the Company is obligated to withhold with respect to the optionee). In the event an optionee chooses to pay the purchase
price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the optionee
upon the exercise of the Stock Option shall be net of the number of attested shares. In the event that the Company establishes,
for itself or using the services of a third party, an automated system for the exercise of Stock Options, such as a system using
an internet website or interactive voice response, then the paperless exercise of Stock Options may be permitted through the use
of such an automated system.

 

(e)Annual Limit on Incentive
Stock Options. To the extent required for “incentive stock option” treatment under Section 422 of the Code,
the aggregate Fair Market Value (determined as of the time of grant) of the shares of Stock with respect to which Incentive Stock
Options granted under this Plan and any other plan of the Company or its parent and subsidiary corporations become exercisable
for the first time by an optionee during any calendar year shall not exceed $100,000. To the extent that any Stock Option exceeds
this limit, it shall constitute a Non-Qualified Stock Option.

 

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SECTION
6. STOCK APPRECIATION RIGHTS

 

(a)Exercise Price of Stock
Appreciation Rights. The exercise price of a Stock Appreciation Right shall not be less than 100 percent of the Fair Market
Value of the Stock on the date of grant.

 

(b)Grant and Exercise of Stock
Appreciation Rights. Stock Appreciation Rights may be granted by the Administrator independently of any Stock Option granted
pursuant to Section 5 of the Plan.

 

(c)Terms and Conditions of
Stock Appreciation Rights. Stock Appreciation Rights shall be subject to such terms and conditions as shall be determined from
time to time by the Administrator. The term of a Stock Appreciation Right may not exceed ten years.

 

SECTION
7. RESTRICTED STOCK AWARDS

 

(a)Nature of Restricted Stock
Awards. The Administrator shall determine the restrictions and conditions applicable to each Restricted Stock Award at the
time of grant. Conditions may be based on continuing employment (or other service relationship) and/or achievement of pre-established
performance goals and objectives. The terms and conditions of each such Award Certificate shall be determined by the Administrator,
and such terms and conditions may differ among individual Awards and grantees.

 

(b)Rights as a Stockholder.
Upon the grant of the Restricted Stock Award and payment of any applicable purchase price, a grantee shall have the rights of a
stockholder with respect to dividends and the voting of the Restricted Stock, subject to such conditions contained in the Restricted
Stock Award Certificate. Unless the Administrator shall otherwise determine, (i) uncertificated Restricted Stock shall be accompanied
by a notation on the records of the Company or the transfer agent to the effect that they are subject to forfeiture until such
Restricted Stock are vested as provided in Section 7(d) below, and (ii) certificated Restricted Stock shall remain in the possession
of the Company until such Restricted Stock is vested as provided in Section 7(d) below, and the grantee shall be required,
as a condition of the grant, to deliver to the Company such instruments of transfer as the Administrator may prescribe.

 

(c)Restrictions. Restricted
Stock may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except as specifically provided herein
or in the Restricted Stock Award Certificate. Notwithstanding the foregoing, in the event that any such Restricted Stock granted
to employees shall have a performance-based goal, the restriction period with respect to such shares shall not be less than one
year, and in the event any such Restricted Stock granted to employees shall have a time-based restriction, the total restriction
period with respect to such shares shall not be less than three years; provided, however, that Restricted Stock with a time-based
restriction may become vested incrementally over such three-year period. Subsequent to such date or dates and/or the attainment
of such pre-established performance goals, objectives and other conditions, the shares on which all restrictions have lapsed shall
no longer be Restricted Stock and shall be deemed “vested.” Except as may otherwise be provided by the Administrator
either in the Award Certificate or, subject to Section 18 below, in writing after the Award is issued, if a grantee’s employment
(or other service relationship) with the Company and its Subsidiaries terminates for any reason, any Restricted Stock that has
not vested at the time of termination shall automatically and without any requirement of notice to such grantee from or other action
by or on behalf of, the Company be deemed to have been reacquired by the Company at its original purchase price (if any) from such
grantee or such grantee’s legal representative simultaneously with such termination of employment (or other service relationship),
and thereafter shall cease to represent any ownership of the Company by the grantee or rights of the grantee as a stockholder.
Following such deemed reacquisition of unvested Restricted Stock that are represented by physical certificates, a grantee shall
surrender such certificates to the Company upon request without consideration.

 

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(d)Vesting of Restricted Stock.
The Administrator at the time of grant shall specify the date or dates and/or the attainment of pre-established performance goals,
objectives and other conditions on which the non-transferability of the Restricted Stock and the Company’s right of repurchase
or forfeiture shall lapse. Subsequent to such date or dates and/or the attainment of such pre-established performance goals, objectives
and other conditions, the shares on which all restrictions have lapsed shall no longer be Restricted Stock and shall be deemed
“vested.” Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18
below, in writing after the Award is issued, a grantee’s rights in any shares of Restricted Stock that have not vested shall
automatically terminate upon the grantee’s termination of employment (or other service relationship) with the Company and
its Subsidiaries and such shares shall be subject to the provisions of Section 7(c) above.

 

(e)Dividends. A grantee
shall have the right to receive dividends declared on his shares of Restricted Stock; provided, however, if the vesting of a Restricted
Stock Award is subject to the achievement of performance goals, any dividends paid by the Company with respect to the Restricted
Stock Award prior to the attainment of such performance goals shall accrue and shall not be paid to the grantee until and only
to the extent the performance goals are attained and the Restricted Stock Award is earned.

 

SECTION
8. RESTRICTED STOCK UNITS

 

(a)Nature of Restricted Stock
Units. The Administrator shall determine the restrictions and conditions applicable to each Restricted Stock Unit at the time
of grant. Conditions may be based on continuing employment (or other service relationship) and/or achievement of pre-established
performance goals and objectives. The terms and conditions of each such Award Certificate shall be determined by the Administrator,
and such terms and conditions may differ among individual Awards and grantees. Notwithstanding the foregoing, in the event that
any such Restricted Stock Units granted to employees shall have a performance-based goal, the restriction period with respect to
such Award shall not be less than one year, and in the event any such Restricted Stock Units granted to employees shall have a
time-based restriction, the total restriction period with respect to such Award shall not be less than three years; provided, however,
that any Restricted Stock Units with a time-based restriction may become vested incrementally over such three-year period. At the
end of the vesting period, the Restricted Stock Units, to the extent vested, shall be settled in the form of shares of Stock. To
the extent that an award of Restricted Stock Units is subject to Section 409A, it may contain such additional terms and conditions
as the Administrator shall determine in its sole discretion in order for such Award to comply with the requirements of Section
409A.

 

(b)Election to Receive Restricted
Stock Units in Lieu of Compensation. The Administrator may, in its sole discretion, permit a grantee to elect to receive a
portion of future cash compensation otherwise due to such grantee in the form of an award of Restricted Stock Units. Any such election
shall be made in writing and shall be delivered to the Company no later than the date specified by the Administrator and in accordance
with Section 409A and such other rules and procedures established by the Administrator. Any such future cash compensation that
the grantee elects to defer shall be converted to a fixed number of Restricted Stock Units based on the Fair Market Value of Stock
on the date the compensation would otherwise have been paid to the grantee if such payment had not been deferred as provided herein.
The Administrator shall have the sole right to determine whether and under what circumstances to permit such elections and to impose
such limitations and other terms and conditions thereon as the Administrator deems appropriate. Any Restricted Stock Units that
are elected to be received in lieu of cash compensation shall be fully vested, unless otherwise provided in the Award Certificate.

 

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(c)Rights as a Stockholder.
A grantee shall have the rights as a stockholder only as to shares of Stock acquired by the grantee upon settlement of Restricted
Stock Units; provided, however, that the grantee may be credited with Dividend Equivalent Rights with respect to his Restricted
Stock Units, subject to such terms and conditions as the Administrator may determine. Notwithstanding the foregoing, if the vesting
of Restricted Stock Units is subject to attainment of performance goals, any Dividend Equivalent Rights accrued with respect to
the Restricted Stock Units prior to the attainment of such performance goals shall not be paid to the grantee until and only to
the extent the performance goals are attained and the Restricted Stock Units are earned.

 

(d)Termination. Except
as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18 below, in writing
after the Award is issued, a grantee’s right in all Restricted Stock Units that have not vested shall automatically terminate
upon the grantee’s termination of employment (or cessation of service relationship) with the Company and its Subsidiaries
for any reason.

 

SECTION
9. UNRESTRICTED STOCK AWARDS

 

Grant or Sale of Unrestricted Stock.
The Administrator may, in its sole discretion, grant (or sell at par value or such higher purchase price determined by the Administrator)
an Unrestricted Stock Award under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other valid
consideration, or in lieu of cash compensation due to such grantee.

 

SECTION
10. CASH-BASED AWARDS

 

Grant of Cash-Based Awards. The Administrator
may, in its sole discretion, grant Cash-Based Awards to any grantee in such number or amount and upon such terms, and subject to
such conditions, as the Administrator shall determine at the time of grant. The Administrator shall determine the maximum duration
of the Cash-Based Award, the amount of cash to which the Cash-Based Award pertains, the conditions upon which the Cash-Based Award
shall become vested or payable, and such other provisions as the Administrator shall determine. Each Cash-Based Award shall specify
a cash-denominated payment amount, formula or payment ranges as determined by the Administrator. Payment, if any, with respect
to a Cash-Based Award shall be made in accordance with the terms of the Award and may be made in cash or in shares of Stock, as
the Administrator determines.

 

SECTION
11. PERFORMANCE SHARE AWARDS

 

(a)Nature of Performance Share
Awards. The Administrator may, in its sole discretion, grant Performance Share Awards independent of, or in connection with,
the granting of any other Award under the Plan. The Administrator shall determine whether and to whom Performance Share Awards
shall be granted, the Performance Goals, the periods during which performance is to be measured, which may not be less than one
year, and such other limitations and conditions as the Administrator shall determine.

 

(b)Rights as a Stockholder.
A grantee receiving a Performance Share Award shall have the rights of a stockholder only as to shares actually received by the
grantee under the Plan and not with respect to shares subject to the Award but not actually received by the grantee. A grantee
shall be entitled to receive shares of Stock under a Performance Share Award only upon satisfaction of all conditions specified
in the Performance Share Award Certificate (or in a performance plan adopted by the Administrator).

 

    	11

    	 

    

 

 

(c)Termination. Except
as may otherwise be provided by the Administrator either in the Award agreement or, subject to Section 18 below, in writing
after the Award is issued, a grantee’s rights in all Performance Share Awards shall automatically terminate upon the grantee’s
termination of employment (or cessation of service relationship) with the Company and its Subsidiaries for any reason.

 

SECTION
12. PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES

 

(a)Performance-Based Awards.
Any employee or other key person providing services to the Company and who is selected by the Administrator may be granted one
or more Performance-Based Awards in the form of a Restricted Stock Award, Restricted Stock Units, Performance Share Awards or Cash-Based
Award payable upon the attainment of Performance Goals that are established by the Administrator and relate to one or more of the
Performance Criteria, in each case on a specified date or dates or over any period or periods determined by the Administrator.
The Administrator shall define in an objective fashion the manner of calculating the Performance Criteria it selects to use for
any Performance Cycle. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may
be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual. The Administrator,
in its discretion, may adjust or modify the calculation of Performance Goals for such Performance Cycle in order to prevent the
dilution or enlargement of the rights of an individual (i) in the event of, or in anticipation of, any unusual or extraordinary
corporate item, transaction, event or development, (ii) in recognition of, or in anticipation of, any other unusual or nonrecurring
events affecting the Company, or the financial statements of the Company, or (iii) in response to, or in anticipation of, changes
in applicable laws, regulations, accounting principles, or business conditions provided however, that the Administrator may not
exercise such discretion in a manner that would increase the Performance-Based Award granted to a Covered Employee. Each Performance-Based
Award shall comply with the provisions set forth below.

 

(b)Grant of Performance-Based
Awards. With respect to each Performance-Based Award granted to a Covered Employee, the Administrator shall select, within
the first 90 days of a Performance Cycle (or, if shorter, within the maximum period allowed under Section 162(m) of the Code)
the Performance Criteria for such grant, and the Performance Goals with respect to each Performance Criterion (including a threshold
level of performance below which no amount will become payable with respect to such Award). Each Performance-Based Award will specify
the amount payable, or the formula for determining the amount payable, upon achievement of the various applicable performance targets.
The Performance Criteria established by the Administrator may be (but need not be) different for each Performance Cycle and different
Performance Goals may be applicable to Performance-Based Awards to different Covered Employees.

 

(c)Payment of Performance-Based
Awards. Following the completion of a Performance Cycle, the Administrator shall meet to review and certify in writing whether,
and to what extent, the Performance Goals for the Performance Cycle have been achieved and, if so, to also calculate and certify
in writing the amount of the Performance-Based Awards earned for the Performance Cycle. The Administrator shall then determine
the actual size of each Covered Employee’s Performance-Based Award, and, in doing so, may reduce or eliminate the amount
of the Performance-Based Award for a Covered Employee if, in its sole judgment, such reduction or elimination is appropriate.

 

    	12

    	 

    

 

 

(d)Maximum Award Payable.
The maximum Performance-Based Award payable to any one Covered Employee under the Plan for a Performance Cycle is 1,000,000 shares
of Stock (subject to adjustment as provided in Section 3(c) hereof) or $5,000,000 in the case of a Performance-Based Award
that is a Cash-Based Award.

 

SECTION
13. DIVIDEND EQUIVALENT RIGHTS

 

(a)Dividend Equivalent Rights.
A Dividend Equivalent Right may be granted hereunder to any grantee as a component of an award of Restricted Stock Units, Restricted
Stock Award or Performance Share Award or as a freestanding award. The terms and conditions of Dividend Equivalent Rights shall
be specified in the Award Certificate. Dividend equivalents credited to the holder of a Dividend Equivalent Right may be paid currently
or may be deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional equivalents. Any such reinvestment
shall be at Fair Market Value on the date of reinvestment or such other price as may then apply under a dividend reinvestment plan
sponsored by the Company, if any. Dividend Equivalent Rights may be settled in cash or shares of Stock or a combination thereof,
in a single installment or installments. A Dividend Equivalent Right granted as a component of an award of Restricted Stock Units,
Restricted Stock Award or Performance Share Award shall provide that such Dividend Equivalent Right shall be settled upon settlement
or payment of, or lapse of restrictions on, such other Award, and that such Dividend Equivalent Right shall expire or be forfeited
or annulled under the same conditions as such other Award. A Dividend Equivalent Right granted as a component of a Restricted Stock
Units, Restricted Stock Award or Performance Share Award may also contain terms and conditions different from such other Award.

 

(b)Interest Equivalents.
Any Award under this Plan that is settled in whole or in part in cash on a deferred basis may provide in the grant for interest
equivalents to be credited with respect to such cash payment. Interest equivalents may be compounded and shall be paid upon such
terms and conditions as may be specified by the grant.

 

(c)Termination. Except
as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18 below, in writing
after the Award is issued, a grantee’s rights in all Dividend Equivalent Rights or interest equivalents granted as a component
of an award of Restricted Stock Units, Restricted Stock Award or Performance Share Award that has not vested shall automatically
terminate upon the grantee’s termination of employment (or cessation of service relationship) with the Company and its Subsidiaries
for any reason.

 

SECTION
14. Transferability of Awards

 

(a)Transferability. Except
as provided in Section 14(b) below, during a grantee’s lifetime, his or her Awards shall be exercisable only by the
grantee, or by the grantee’s legal representative or guardian in the event of the grantee’s incapacity. No Awards shall
be sold, assigned, transferred or otherwise encumbered or disposed of by a grantee other than by will or by the laws of descent
and distribution or pursuant to a domestic relations order. No Awards shall be subject, in whole or in part, to attachment, execution,
or levy of any kind, and any purported transfer in violation hereof shall be null and void.

 

    	13

    	 

    

 

 

(b)Administrator Action.
Notwithstanding Section 14(a), the Administrator, in its discretion, may provide either in the Award Certificate regarding
a given Award or by subsequent written approval that the grantee (who is an employee or director) may transfer his or her Awards
(other than any Incentive Stock Options or Restricted Stock Units) to his or her immediate family members, to trusts for the benefit
of such family members, or to partnerships in which such family members are the only partners, provided that the transferee agrees
in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Award. In no event may
an Award be transferred by a grantee for value.

 

(c)Family Member. For
purposes of Section 14(b), “family member” shall mean a grantee’s child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the grantee’s household (other than
a tenant of the grantee), a trust in which these persons (or the grantee) have more than 50 percent of the beneficial interest,
a foundation in which these persons (or the grantee) control the management of assets, and any other entity in which these persons
(or the grantee) own more than 50 percent of the voting interests.

 

(d)Designation of Beneficiary.
Each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or
receive any payment under any Award payable on or after the grantee’s death. Any such designation shall be on a form provided
for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been
designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the
grantee’s estate.

 

SECTION
15. TAX WITHHOLDING

 

(a)Payment by Grantee.
Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other amounts received thereunder
first becomes includable in the gross income of the grantee for Federal income tax purposes, pay to the Company, or make arrangements
satisfactory to the Administrator regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld
by the Company with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right
to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company’s obligation to deliver evidence
of book entry (or stock certificates) to any grantee is subject to and conditioned on tax withholding obligations being satisfied
by the grantee.

 

(b)Payment in Stock. Subject
to approval by the Administrator, a grantee may elect to have the Company’s minimum required tax withholding obligation satisfied,
in whole or in part, by authorizing the Company to withhold from shares of Stock to be issued pursuant to any Award a number of
shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount
due.

 

    	14

    	 

    

 

 

SECTION
16. Section 409A awards

 

To the extent that any Award is determined
to constitute “nonqualified deferred compensation” within the meaning of Section 409A (a “409A Award”),
the Award shall be subject to such additional rules and requirements as specified by the Administrator from time to time in order
to comply with Section 409A. In this regard, if any amount under a 409A Award is payable upon a “separation from service”
(within the meaning of Section 409A) to a grantee who is then considered a “specified employee” (within the meaning
of Section 409A), then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after
the grantee’s separation from service, or (ii) the grantee’s death, but only to the extent such delay is necessary
to prevent such payment from being subject to interest, penalties and/or additional tax imposed pursuant to Section 409A. Further,
the settlement of any such Award may not be accelerated except to the extent permitted by Section 409A.

 

SECTION
17. TRANSFER, LEAVE OF ABSENCE, ETC.

 

For purposes of the Plan, the following
events shall not be deemed a termination of employment:

 

(a)a transfer to the employment
of the Company from a Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another; or

 

(b)an approved leave of absence
for military service or sickness, or for any other purpose approved by the Company, if the employee’s right to re-employment
is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if the
Administrator otherwise so provides in writing.

 

SECTION
18. AMENDMENTS AND TERMINATION

 

The Board may, at any time, amend or discontinue
the Plan and the Administrator may, at any time, amend or cancel any outstanding Award for the purpose of satisfying changes in
law or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the holder’s
consent. Except as provided in Section 3(c) or 3(d), without prior stockholder approval, in no event may the Administrator exercise
its discretion to reduce the exercise price of outstanding Stock Options or Stock Appreciation Rights or effect repricing through
cancellation and re-grants or cancellation of Stock Options or Stock Appreciation Rights in exchange for cash. To the extent required
under the rules of any securities exchange or market system on which the Stock is listed, to the extent determined by the Administrator
to be required by the Code to ensure that Incentive Stock Options granted under the Plan are qualified under Section 422 of
the Code, or to ensure that compensation earned under Awards qualifies as performance-based compensation under Section 162(m)
of the Code, Plan amendments shall be subject to approval by the Company stockholders entitled to vote at a meeting of stockholders.
Nothing in this Section 18 shall limit the Administrator’s authority to take any action permitted pursuant to Section 3(c)
or 3(d).

 

    	15

    	 

    

 

 

SECTION
19. STATUS OF PLAN

 

With respect to the portion of any Award
that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have
no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine
in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other
arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided
that the existence of such trusts or other arrangements is consistent with the foregoing sentence.

 

SECTION
20. GENERAL PROVISIONS

 

(a)No Distribution. The
Administrator may require each person acquiring Stock pursuant to an Award to represent to and agree with the Company in writing
that such person is acquiring the shares without a view to distribution thereof.

 

(b)Delivery of Stock Certificates.
Stock certificates to grantees under this Plan shall be deemed delivered for all purposes when the Company or a stock transfer
agent of the Company shall have mailed such certificates in the United States mail, addressed to the grantee, at the grantee’s
last known address on file with the Company. Uncertificated Stock shall be deemed delivered for all purposes when the Company or
a Stock transfer agent of the Company shall have given to the grantee by electronic mail (with proof of receipt) or by United States
mail, addressed to the grantee, at the grantee’s last known address on file with the Company, notice of issuance and recorded
the issuance in its records (which may include electronic “book entry” records). Notwithstanding anything herein to
the contrary, the Company shall not be required to issue or deliver any certificates evidencing shares of Stock pursuant to the
exercise of any Award, unless and until the Administrator has determined, with advice of counsel (to the extent the Administrator
deems such advice necessary or advisable), that the issuance and delivery of such certificates is in compliance with all applicable
laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the shares of Stock
are listed, quoted or traded. All Stock certificates delivered pursuant to the Plan shall be subject to any stop-transfer orders
and other restrictions as the Administrator deems necessary or advisable to comply with federal, state or foreign jurisdiction,
securities or other laws, rules and quotation system on which the Stock is listed, quoted or traded. The Administrator may place
legends on any Stock certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided
herein, the Administrator may require that an individual make such reasonable covenants, agreements, and representations as the
Administrator, in its discretion, deems necessary or advisable in order to comply with any such laws, regulations, or requirements.
The Administrator shall have the right to require any individual to comply with any timing or other restrictions with respect to
the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Administrator.

 

(c)Stockholder Rights.
Until Stock is deemed delivered in accordance with Section 20(b), no right to vote or receive dividends
or any other rights of a stockholder will exist with respect to shares of Stock to be issued in connection with an Award, notwithstanding
the exercise of a Stock Option or any other action by the grantee with respect to an Award.

 

    	16

    	 

    

 

 

(d)Other Compensation Arrangements;
No Employment Rights. Nothing contained in this Plan shall prevent the Board from adopting other or additional compensation
arrangements, including trusts, and such arrangements may be either generally applicable or applicable only in specific cases.
The adoption of this Plan and the grant of Awards do not confer upon any employee any right to continued employment with the Company
or any Subsidiary.

 

(e)Trading Policy Restrictions.
Option exercises and other Awards under the Plan shall be subject to the Company’s insider trading policies and procedures,
as in effect from time to time.

 

(f)Forfeiture of Awards under
Sarbanes-Oxley Act. If the Company is required to prepare an accounting restatement due to the material noncompliance of the
Company, as a result of misconduct, with any financial reporting requirement under the securities laws, then any grantee who is
one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002 shall reimburse the
Company for the amount of any Award received by such individual under the Plan during the 12-month period following the first public
issuance or filing with the United States Securities and Exchange Commission, as the case may be, of the financial document embodying
such financial reporting requirement.

 

SECTION
21. EFFECTIVE DATE OF PLAN

 

The Plan originally became effective on
August 6, 2010, the Effective Date. No grants of Stock Options and other Awards may be made hereunder after the tenth anniversary
of the Effective Date and no grants of Incentive Stock Options may be made hereunder after the tenth anniversary of the date the
Plan is approved by the Board. The amended and restated Plan shall become effective upon stockholder approval in accordance with
applicable state law, the Company’s by-laws and articles of incorporation, and applicable stock exchange rules, provided
that Stock Options with respect to the shares of Stock added to the amended and restated Plan may be granted prior to the date
of stockholder approval provided that such grants are contingent upon receipt of stockholder approval.

 

    	17

    	 

    

 

 

SECTION
22. GOVERNING LAW

 

This Plan and all Awards and actions taken
thereunder shall be governed by, and construed in accordance with, the laws of the State of Delaware, applied without regard to
conflict of law principles.

 

	DATE APPROVED BY BOARD OF DIRECTORS:	March 2010
	 	 
	DATE APPROVED BY STOCKHOLDERS:	July 2010
	 	 
	DATE AMENDED AND RESTATED PLAN 
 APPROVED BY BOARD OF DIRECTORS:	April 26, 2012
	 	 
	DATE AMENDED AND RESTATED PLAN 
 APPROVED BY STOCKHOLDERS:	July 19, 2012

 

 

    	18

    	 

    
 

Incentive Stock Option Agreement

under the IntraLinks Holdings, Inc.

2010 Equity Incentive Plan

 

	Name of Optionee:	__________________ (the “Optionee”)
	 	 
	No. of Option Shares:	__________ Shares of Common Stock 
	 	 
	Grant Date:	__________________ (the “Grant Date”)
	 	 
	Expiration Date:	__________________ (the “Expiration Date”)
	 	 
	Option Exercise Price/Share:	$_________________ (the “Option Exercise Price”)

 

Pursuant to the IntraLinks Holdings, Inc.
2010 Equity Incentive Plan (the “Plan”), IntraLinks Holdings, Inc. (together with all successors thereto, the “Company”),
hereby grants to the Optionee, who is an employee of the Company or any of its Subsidiaries, an option (the “Stock Option”)
to purchase on or prior to the Expiration Date, or such earlier date as is specified herein, all or any part of the number of shares
of Common Stock, par value $0.001 per share (“Stock”), of the Company indicated above (the “Option Shares”),
at the Option Exercise Price per share, subject to the terms and conditions set forth in this Incentive Stock Option Agreement
(this “Agreement”) and in the Plan.  This Stock Option is intended to qualify as an “incentive stock
option” as defined in Section 422(b) of the Internal Revenue Code of 1986, as amended from time to time (the “Code”).  To
the extent that any portion of the Stock Option does not so qualify, it shall be deemed a non-qualified stock option.

 

1. Definitions.  For
the purposes of this Agreement, the following terms shall have the following respective meanings.  All capitalized terms
used herein and not otherwise defined shall have the respective meanings set forth in the Plan.

 

“Cause” means, in the absence
of any employment or similar agreement between an Optionee and the Company or any Subsidiary otherwise defining Cause, dismissal
by the Company of the Optionee as a result of (i) the commission of any act by the Optionee constituting financial dishonesty against
the Company or any Subsidiary (which act would be chargeable as a crime under applicable law); (ii) the Optionee’s engaging
in any other act of fraud, intentional misrepresentation, moral turpitude, illegality or harassment; (iii) unauthorized use or
disclosure by an Optionee of any proprietary information or trade secrets of the Company or any other party to whom the Optionee
owes an obligation of nondisclosure as a result of his or her relationship with the Company; (iv) the repeated failure by the Optionee
to follow the directives of the chief executive officer or president of the Company or any Subsidiary, the Board, or
the board of directors or managers of any Subsidiary; or (v) any material misconduct, violation of the Company’s or any Subsidiary’s
policies, or willful and deliberate non-performance of duty by the Optionee in connection with the business affairs of the Company
or any Subsidiary.  In the event there is an employment or similar agreement between an Optionee and the Company or any
Subsidiary otherwise defining Cause, “Cause” shall have the meaning provided in such agreement.

 

 

    	 

    	 

    

2. Vesting,
Exercisability and Termination.

 

(a) No
portion of this Stock Option may be exercised until such portion shall have vested.

 

(b) Except
as set forth below, and subject to the determination of the Administrator in its sole discretion to accelerate the vesting schedule
hereunder, this Stock Option shall be vested and exercisable with respect to the Option Shares on the respective dates indicated
below:

 

	
        Incremental (Aggregate Number)

        of Option Shares Exercisable
	Vesting Date
	 	 
	______________ (__%)	[_______________]
	______________ (__%)	[_______________]
	______________ (__%)	[_______________]

 

[Notwithstanding anything herein to the
contrary, in the event that this Stock Option is assumed or continued by the Company or its successor entity in the sole discretion
of the parties to a Sale Event pursuant to Section 3(c) of the Plan and thereafter remains in effect following such Sale Event,
and within six months following such Sale Event the Company and its Subsidiaries or successor entity terminates the employment
of the Optionee without Cause, then, as of the date upon which the Optionee’s employment with the Company terminates, this
Stock Option shall be deemed vested and exercisable with respect to all Shares that would have been vested under the vesting schedule
set forth above had the Optionee’s employment terminated one year after such termination date.]

 

[For senior executives only:] [Notwithstanding
anything herein to the contrary, in the event that this Stock Option is assumed or continued by the Company or its successor entity
in the sole discretion of the parties to a Sale Event pursuant to Section 3(c) of the Plan and thereafter remains in effect following
such Sale Event and within 12 months following such Sale Event, the Company, its Subsidiaries or its successor entity, as the case
may be, terminates the employment of the Optionee without Cause or materially diminishes the Optionee’s duties, then, as
of the date upon which the Optionee’s employment with the Company terminates, or such earlier date of diminution of duties,
this Stock Option shall be deemed vested and exercisable with respect to all Shares not previously vested.  If this Stock
Option is not assumed or continued by the Company or its successor entity in any Sale Event pursuant to Section 3(c) of the Plan
and this Stock Option shall terminate in connection with such Sale Event, then immediately prior to such Sale Event (and in any
case with a reasonable enough time for the Optionee to exercise this Stock Option prior to such Sale Event), this Stock Option
shall be deemed vested and exercisable with respect to one-half of the Option Shares not previously vested.]

 

    	2

    	 

    

(c) Termination.  Except
as may otherwise be provided by the Administrator, if the Optionee’s employment with the Company or a Subsidiary is terminated,
the period within which to exercise this Stock Option may be subject to earlier termination as set forth below:

 

(i) Termination
Due to Death. If the Optionee’s employment terminates by reason of such Optionee’s death, this Stock Option may
be exercised, to the extent exercisable on the date of such termination, by the Optionee, the Optionee’s legal representative
or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

 

(ii) Termination
Due to Disability.  If the Optionee’s employment terminates by reason of such Optionee’s disability (as
determined by the Administrator), this Stock Option may be exercised, to the extent exercisable on the date of such termination,
by the Optionee, the Optionee’s legal representative or legatee for a period of 6 months from the date of such disability
or until the Expiration Date, if earlier.

 

(iii) Other
Termination.  If the Optionee’s employment terminates for any reason other than death or disability, and unless
otherwise determined by the Administrator, this Stock Option may be exercised, to the extent exercisable on the date of termination,
for a period of 90 days from the date of termination or until the Expiration Date, if earlier; provided, however,
if the Optionee’s employment is terminated for Cause, this Stock Option shall terminate immediately upon the date of such
termination.

 

For purposes hereof, the Administrator’s
determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee
and his or her representatives or legatees.  Any portion of this Stock Option that is not exercisable on the date of
termination of the employment shall terminate immediately and be null and void.

 

(d) It
is understood and intended that this Stock Option is intended to qualify as an “incentive stock option” as defined
in Section 422 of the Code to the extent permitted under applicable law, but the Company does not represent or warrant that this
Stock Option qualifies as such.  The Optionee should consult with his or her own tax advisors regarding the tax effects
of this Stock Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including,
but not limited to, holding period requirements.  The Optionee understands that in order to obtain the benefits of an
incentive stock option under Section 422 of the Code, no sale or other disposition may be made of shares of Stock for which incentive
stock option treatment is desired within the one-year period beginning on the day after the day of the transfer of such shares
of Stock to him or her, nor within the two year period beginning on the day after the grant of this Stock Option and further that
this Stock Option must be exercised within three months after termination of employment as an employee (or 12 months in the case
of death or disability) to qualify as an incentive stock option.  If the Optionee disposes (whether by sale, gift, transfer
or otherwise) of any such shares of Stock within either of these periods, he or she will notify the Company within 30 days after
such disposition.  The Optionee also agrees to provide the Company with any information concerning any such dispositions
required by the Company for tax purposes.  Further, to the extent Option Shares and any other incentive stock options
of the Optionee having an aggregate Fair Market Value in excess of $100,000 (determined as of the Grant Date) vest in any year,
such options will not qualify as incentive stock options.

 

    	3

    	 

    

3. Exercise
of Stock Option.

 

(a) The
Optionee may exercise this Stock Option only in the following manner:  from time to time on or prior to the Expiration
Date, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares
purchasable at the time of such notice.  Such notice shall specify the number of Option Shares to be purchased.  Payment
of the purchase price for the Option Shares may be made by one or more of the following methods:  (i) in cash, by
certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to
the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that have been beneficially owned
by the Optionee for at least six months (or such other holding periods as may be required by the Administrator) and that are not
then subject to restrictions under any Company plan.  Such surrendered shares shall be valued at Fair Market Value on
the exercise date; (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable
instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase
price; provided that in the event the Optionee chooses to pay the purchase price as so provided, the Optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe
as a condition of such payment procedure; or (iv) a combination of (i), (ii) and (iii) above.  Payment instruments
will be received subject to collection.

 

The transfer to the Optionee on the records
of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee
of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained
herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement
or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise
of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and
regulations.  In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through
the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be
net of the shares attested to.

 

(b) The
shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company
or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or
regulations in connection with such issuance and with the requirements hereof and of the Plan.  The determination of
the Administrator as to such compliance shall be final and binding on the Optionee.  The Optionee shall not be deemed
to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option
unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall
have transferred the shares to the Optionee, and the Optionee’s name shall have been entered as the stockholder of record
on the books of the Company.  Thereupon, the Optionee shall have full voting, dividend and other ownership rights with
respect to such shares of Stock.

 

    	4

    	 

    

(c) The
minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the
number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under
this Stock Option at the time.

 

(d) Notwithstanding
any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof.

 

4. Incorporation
of Plan.  Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed
by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan.  Capitalized
terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.

 

5. Transferability
of Stock Option.  This Agreement is personal to the Optionee and is not transferable by the Optionee in any manner
other than by will or by the laws of descent and distribution.  The Stock Option may be exercised during the Optionee’s
lifetime only by the Optionee (or by the Optionee’s guardian or personal representative in the event of the Optionee’s
incapacity).  The Optionee may elect to designate a beneficiary by providing written notice of the name of such beneficiary
to the Company, and may revoke or change such designation at any time by filing written notice of revocation or change with the
Company; such beneficiary may exercise the Optionee’s Stock Option in the event of the Optionee’s death to the extent
provided herein.  If the Optionee does not designate a beneficiary, or if the designated beneficiary predeceases the
Optionee, the legal representative of the Optionee may exercise this Stock Option to the extent provided herein in the event of
the Optionee’s death.

 

6. Withholding
Taxes.  The Optionee shall, not later than the date as of which the exercise of this Stock Option becomes a taxable
event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of
any Federal, state, and local taxes required by law to be withheld on account of such taxable event.  The Company shall
have the authority to cause the minimum required tax withholding obligation to be satisfied, in whole or in part, by withholding
from shares of Stock to be issued to the Optionee a number of shares of Stock with an aggregate Fair Market Value that would satisfy
the withholding amount due.  The Optionee acknowledges and agrees that the Company or any Subsidiary of the Company has
the right to deduct from payments of any kind otherwise due to the Optionee, or from the Option Shares to be issued in respect
of an exercise of this Stock Option, any federal, state or local taxes of any kind required by law to be withheld with respect
to the issuance of Option Shares to the Optionee.

 

7. Noncompetition,
etc.  For purposes of this Section 7, references to the “Company” shall include, individually and
collectively, the Company and its Subsidiaries and affiliates and its/their respective predecessors, successors and assigns.  As
a condition of the Optionee’s continued employment and in consideration of this Stock Option, the Optionee hereby expressly
agrees to be bound by the following covenants, terms and conditions.  The Optionee hereby acknowledges and agrees that
he or she has had and/or will have access to trade secrets, proprietary and confidential information relating to the Company and
its clients, including but not limited to, marketing data, financial information, client and prospect lists (including without
limitation, Rolodex type or computer- and Web-based compilations (including but not limited to salesforce.com or other CRM system
data) maintained by the Company or the Optionee), and details of programs and methods, potential and actual acquisitions, divestitures
and joint ventures, pricing policies, strategies, terms of service, business and product plans, cost information and software,
in each case of the Company and/or its respective clients.  Accordingly, the Optionee voluntarily enters into the following
covenants to provide the Company with reasonable protection of those and other valuable interests of the Company:

 

    	5

    	 

    

(a) Notwithstanding
anything in this Agreement to the contrary, the Optionee agrees that during the term of his employment and any other professional
services relationship with the Company and for [12 months] from the later of the date of termination of the Optionee’s
employment or other professional services relationship with the Company (the “Post-Termination Period”),  the
Optionee shall not, alone or as an employee, officer, director, agent, shareholder (other than an owner of one-percent or less
of the outstanding shares of any publicly-traded company), consult, partner, member, owner or in any other capacity, directly or
indirectly:

 

(i) engage
in any Competitive Activity, as defined below, within or with respect to any location in the United States or abroad in which the
Optionee performed or directed his services (including but not limited to sales and customer calls, whether conducted in person,
by telephone or online) at any time during the twelve month period immediately preceding the termination of the Optionee’s
employment for any reason (the “Territories”), or assist any other person or organization in engaging in, or preparing
to engage in, any Competitive Activity in such Territories;

 

(ii) solicit
or provide services to any Clients, as defined below, of the Company on his own behalf or on behalf of any third party, in furtherance
of any Competitive Activity.  For purposes of this Section 7, “Client” shall mean any current or former customer
of the Company or user of the Company’s services or software during the term of the Optionee’s employment with the
Company, including but not limited to, with respect to such customers, for any reason, at anytime during the term of the Optionee’s
employment with the Company:

 

(A) The
Optionee performed services whether conducted in person, by telephone or online) on behalf of the Company;

 

(B) The
Optionee had substantial contact; or

 

(C) The
Optionee acquired or had access to trade secrets or other confidential or proprietary information relating to such customer as
a result of the Optionee’s employment with the Company;

 

(iii) encourage,
participate in or solicit any employee or consultant of the Company to engage in Competitive Activity or to accept employment with
any third party engaged in Competitive Activity.  This subsection 7(a)(iii) shall be limited to employees and consultants
who: (1) are current employees or consultants; or (2) left the employment of the Company or whose provision of services to the
Company terminated within the 12 month period prior to the Optionee’s termination of employment with the Company for any
reason; and

 

    	6

    	 

    

(iv) for
purposes of this Agreement, “Competitive Activity” shall mean participating in:

 

(A) any
business in competition with the Company organized or operating under any of the following names:  [Insert Competitors];
and/or

 

(B) any
offering, sale, licensing or provision by any entity of any software, application service or system, in direct or indirect competition
with the Company’s offerings and including, but not limited to, electronic or digital document repositories for facilitating
transactional due diligence, mergers, acquisitions, divestitures, financing, investments, investor relations, corporate records
and corporate governance documents, research and development, clinical trials or other business processes for which the Company’s
products or services are or have been used during the 12 month period preceding termination of the Optionee’s employment
for any reason; and/or

 

(C) any
business that develops, manufactures or markets any products or performs any services that are otherwise competitive with the products
or services of  the Company or any of the products or services that the Company has under development or that are subject
to active planning at any time during the 12 month period immediately preceding the termination of the Optionee’s professional
services to the Company.

 

(b) The
Optionee agrees that the foregoing restrictions are reasonable and justified in light of: (i) the nature of  the Company’s
business and customers; (ii) the confidential and proprietary information to which the Optionee has had and will have exposure
and access during the course of his professional relationship with the Company; and (iii) the need for the adequate protection
of the business and the goodwill of the Company.  In the event any restriction in this Section 7 is deemed to be invalid
or unenforceable by any court of competent jurisdiction, the Optionee agrees to the reduction of said restriction to such period
or scope that such court deems reasonable and enforceable.

 

(c) The
Optionee acknowledges and agrees that any breach of this Section 7 shall cause the Company immediate, substantial and irreparable
harm and therefore, in the event of any such breach, the Optionee agrees that the Company may terminate or suspend severance payments
to the Optionee and that the Optionee shall immediately forfeit any equity compensation granted, vested and unvested, that have
not previously been exercised and, in addition to any other remedies which may be available, the Company shall have the right to
seek specific performance and injunctive relief, without the need to post a bond or other security.

 

(d) The
Optionee acknowledges and agrees that the provisions of this Section 7 are in addition to, and not in lieu of, any non-solicitation,
non-competition, confidentiality, nonraid and/or similar obligations which the Optionee may have with respect to the Company, whether
by agreement, fiduciary obligation or otherwise.  Without in any way limiting the provisions of this Section 7, the Optionee
further acknowledges and agrees that the provisions of this Section 7 shall remain applicable in accordance with their terms after
the date of termination of the Optionee’s employment, regardless of whether the Optionee’s termination or cessation
of employment is voluntary or involuntary.

 

    	7

    	 

    

(e) During
and after the term of the Optionee’s employment with the Company, the Optionee covenants and agrees that he will not disclose
to anyone without the Company’s prior written consent, any proprietary and confidential materials, documents, records or
other non-public information of any type whatsoever concerning or relating to the business and affairs of the Company which the
Optionee may have acquired in the course of his employment hereunder, including but not limited to:  (i) trade secrets
of the Company; (ii) lists of and/or information concerning current, former, and/or prospective customers or clients of the Company;
(iii) marketing data and financial information; (iv) information regarding potential and actual acquisitions, divestitures and
joint ventures, (v) pricing policies, strategies, terms of service, business and product plans, cost information and software;
and (vi) information relating to programs and methods of doing business (including information concerning operations, technology
and systems) in use or contemplated use by the Company and not generally known among the Company’s competitors, except to
the extent such disclosure is required by law, regulation or legal process.

 

(f) During
and after the Optionee’s employment, the Optionee shall cooperate fully with the Company in the defense or prosecution of
any claims or actions now in existence or which may be brought in the future against or on behalf of the Company which relate to
events or occurrences that transpired while the Optionee was employed by the Company.  The Optionee’s full cooperation
in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare
for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times.  During and after
the Optionee’s employment, the Optionee also shall cooperate fully with the Company in connection with any investigation
or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences
that transpired while the Optionee was employed by the Company.  The Company shall reimburse the Optionee for any reasonable
out-of-pocket expenses incurred in connection with the Optionee’s performance of obligations pursuant to this Section 7(f).

 

(g) The
Optionee acknowledges and agrees that his breach of any provision of this Section 7 (collectively the “Restrictive Covenants”)
would result in irreparable injury and damage for which money damages do not provide adequate remedy.  Therefore, if
the Optionee breaches or threatens to commit a breach of any Restrictive Covenant, the Company shall have the following rights
and remedies (in accordance with applicable law and upon compliance with any necessary prerequisites imposed by law upon the availability
of such remedies), each of which rights and remedies shall be independent of the other and severally enforceable, and all of which
rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to Company under law or
in equity (including, without limitation, the recovery of damages):

 

(i) To
have the Restrictive Covenants specifically enforced (without posting bond and without the need to prove damages) by any court
having jurisdiction, including, without limitation, the right to seek an entry against the Optionee of restraining orders and injunctions
(preliminary, mandatory, temporary and permanent) against violations, threatened or actual, and whether or not then continuing,
of such covenants;

 

    	8

    	 

    

(ii) To
require the Optionee to forfeit his right to receive the balance of any compensation due him which is not yet earned and accrued
or vested under this Agreement (whether it be in the form of severance pay, annual salary, expenses or vacation); and

 

(iii) To
require the Optionee to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other
benefits (collectively, “Profits”) derived or received by him as the result of any transactions constituting a breach
of the Restrictive Covenants, and the Optionee shall account for and pay over the Profits to the Company.

 

Without in any way limiting the provisions
of this Section 7, the Optionee further acknowledges and agrees that the provisions of this Section 7 shall remain applicable in
accordance with their terms after the date of termination of the Optionee’s employment, regardless of whether: (i) the Optionee’s
termination or cessation of employment is voluntary or involuntary; and (ii) any Option Shares are not vested or will not vest.   In
addition, notwithstanding anything in this Agreement, the provisions of this Section 7 shall survive a Sale Event and the vesting
in full of the Option Shares.

 

8. Miscellaneous
Provisions.

 

(a) Change
and Modifications.  This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of
any of its terms be effective.  This Agreement may be changed, modified or terminated only by an agreement in writing
signed by the Company and the Optionee.

 

(b) Governing
Law.  This Agreement shall be governed by and construed in accordance with the laws of Delaware without regard to
conflict of law principles.

 

(c) Headings.  The
headings are intended only for convenience in finding the subject matter and do not constitute part of the text of this Agreement
and shall not be considered in the interpretation of this Agreement.

 

(d) Saving
Clause.  If any provision(s) of this Agreement shall be determined to be illegal or unenforceable, such determination
shall in no manner affect the legality or enforceability of any other provision hereof.

 

(e) Notices.  All
notices, requests, consents and other communications shall be in writing and be deemed given when delivered personally, by telex
or facsimile transmission or when received if mailed by first class registered or certified mail, postage prepaid.  Notices
to the Company or the Optionee shall be addressed as set forth underneath their signatures below, or to such other address or addresses
as may have been furnished by such party in writing to the other.

 

    	9

    	 

    

(f) No
Obligation to Continue Employment.  Neither the Company nor any Subsidiary is obligated by or as a result of the
Plan or this Agreement to continue the Optionee in employment and neither the Plan nor this Agreement shall interfere in any way
with the right of the Company or any Subsidiary to terminate the employment of the Optionee at any time.

 

(g) Benefit
and Binding Effect.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their
respective successors, permitted assigns, and legal representatives.  The Company has the right to assign this Agreement,
and such assignee shall become entitled to all the rights of the Company hereunder to the extent of such assignment.

 

(h) Dispute
Resolution.  Except as provided below or in Section 7, above, all disputes, claims, or controversies arising out
of or relating to this Agreement, or the negotiation, validity or performance hereof or the transactions contemplated hereby, that
are not resolved by mutual agreement shall be resolved solely and exclusively by binding arbitration to be conducted before J.A.M.S./Endispute,
Inc. or its successor.  The parties understand and agree that this arbitration provision shall apply equally to claims
of fraud or fraud in the inducement.  The arbitration shall be held in New York City, New York before a single arbitrator
and shall be conducted in accordance with the rules and regulations promulgated by J.A.M.S./Endispute, Inc. unless specifically
modified herein.

 

The parties covenant and agree that the
arbitration shall commence within 120 days of the date on which a written demand for arbitration is filed by any party hereto.  In
connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party
and any third-party witnesses.  In addition, each party may take up to three depositions as of right, and the arbitrator
may in his or her discretion allow additional depositions upon good cause shown by the moving party.  However, the arbitrator
shall not have the power to order the answering of interrogatories or the response to requests for admission.  In connection
with any arbitration, each party shall provide to the other, no later than 14 business days before the date of the arbitration,
the identity of all persons that may testify at the arbitration, a copy of all documents that may be introduced at the arbitration
or considered or used by a party’s witness or expert, and a summary of the expert’s opinions and the basis for said
opinions.  The arbitrator’s decision and award shall be made and delivered within 60 days of the conclusion of
the arbitration.  The arbitrator’s decision shall set forth a reasoned basis for any award of damages or finding
of liability.  The arbitrator shall not have power to award damages in excess of actual compensatory damages and shall
not multiply actual damages or award punitive damages or any other damages that are specifically excluded under this Agreement,
and each party hereby irrevocably waives any claim to such damages.

 

The parties covenant and agree that they
will participate in the arbitration in good faith and that they will share equally its costs, except as otherwise provided herein.  The
arbitrator may in his or her discretion assess costs and expenses (including the reasonable legal fees and expenses of the prevailing
party) against any party to a proceeding.  Any party unsuccessfully refusing to comply with an order of the arbitrators
shall be liable for costs and expenses, including attorneys’ fees, incurred by the other party in enforcing the award.  This
Section applies equally to requests for temporary, preliminary or permanent injunctive relief, except that in the case of temporary
or preliminary injunctive relief any party may proceed in court without prior arbitration for the limited purpose of avoiding immediate
and irreparable harm.  The provisions of this Section shall be enforceable in any court of competent jurisdiction.

 

    	10

    	 

    

Subject to the second sentence of the immediately
preceding paragraph, the parties shall bear their own attorneys’ fees, costs and expenses in connection with the arbitration.  The
parties will share equally in the fees and expenses charged by J.A.M.S./Endispute, Inc.

 

Each of the parties hereto irrevocably and
unconditionally consents to the exclusive jurisdiction of J.A.M.S./Endispute, Inc. to resolve all disputes, claims or controversies
arising out of or relating to this Agreement or any other agreement executed and delivered pursuant to this Agreement or the negotiation,
validity or performance hereof and thereof or the transactions contemplated hereby and thereby and further consents to the jurisdiction
of the courts of New York for the purposes of enforcing the arbitration provisions of this Section.  Each party further
irrevocably waives any objection to proceeding before J.A.M.S./Endispute, Inc. based upon lack of personal jurisdiction or to the
laying of venue and further irrevocably and unconditionally waives and agrees not to make a claim in any court that arbitration
before J.A.M.S./Endispute, Inc. has been brought in an inconvenient forum.  Each of the parties hereto hereby consents
to service of process by registered mail at the address to which notices are to be given.  Each of the parties hereto
agrees that its or his submission to jurisdiction and its or his consent to service of process by mail is made for the express
benefit of the other parties hereto.

 

(i) Counterparts.  For
the convenience of the parties and to facilitate execution, this Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the same document.

 

 

    	11

    	 

    

The foregoing Agreement is hereby accepted
and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written.

 

 

	 	INTRALINKS HOLDINGS, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 
	 	Address:	 
	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 	 

 

The foregoing Agreement is hereby accepted
and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written.

 

	 	OPTIONEE:	 
	 	 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 	 
	 	 	 	 

[SPOUSE’S CONSENT1

I acknowledge that I have read the

foregoing Incentive Stock Option Agreement

and understand the contents thereof.

 

 

___________________________________________]

 

 

1 A spouse’s consent is
required only if the Optionee’s state of residence is one of the following community property states:  Arizona,
California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington and Wisconsin (check WI statute).

 

    	12

    	 

    

Non-Qualified Stock Option Agreement

under the IntraLinks Holdings, Inc.

2010 Equity Incentive Plan

 

	Name of Optionee:	__________________ (the “Optionee”)
	 	 
	No. of Option Shares:	__________ Shares of Common Stock
	 	 
	Grant Date:	_________________ (the “Grant Date”)
	 	 
	Expiration Date:	__________________ (the “Expiration Date”)
	 	 
	Option Exercise Price/Share:	$_________________ (the “Option Exercise Price”)

 

Pursuant to the IntraLinks Holdings, Inc.
2010 Equity Incentive Plan (the “Plan”), IntraLinks Holdings, Inc. (together with all successors thereto, the “Company”),
hereby grants to the Optionee, who is an employee of the Company or any of its Subsidiaries, an option (the “Stock Option”)
to purchase on or prior to the Expiration Date, or such earlier date as is specified herein, all or any part of the number of shares
of Common Stock, par value $0.001 per share (“Stock”), of the Company indicated above (the “Option Shares”),
at the Option Exercise Price per share, subject to the terms and conditions set forth in this Non-Qualified Stock Option Agreement
(this “Agreement”) and in the Plan.  This Stock Option is not intended to qualify as an “incentive
stock option” as defined in Section 422(b) of the Internal Revenue Code of 1986, as amended from time to time (the “Code”).

 

1. Definitions.  For
the purposes of this Agreement, the following terms shall have the following respective meanings.  All capitalized terms
used herein and not otherwise defined shall have the respective meanings set forth in the Plan.

 

“Cause” means, in the absence
of any employment or similar agreement between an Optionee and the Company or any Subsidiary otherwise defining Cause, dismissal
by the Company of the Optionee as a result of (i) the commission of any act by the Optionee constituting financial dishonesty against
the Company or any Subsidiary (which act would be chargeable as a crime under applicable law); (ii) the Optionee’s engaging
in any other act of fraud, intentional misrepresentation, moral turpitude, illegality or harassment; (iii) unauthorized use or
disclosure by an Optionee of any proprietary information or trade secrets of the Company or any other party to whom the Optionee
owes an obligation of nondisclosure as a result of his or her relationship with the Company; (iv) the repeated failure by the Optionee
to follow the directives of the chief executive officer or president of the Company or any Subsidiary, the Board, or
the board of directors or managers of any Subsidiary; or (v) any material misconduct, violation of the Company’s or any Subsidiary’s
policies, or willful and deliberate non-performance of duty by the Optionee in connection with the business affairs of the Company
or any Subsidiary.  In the event there is an employment or similar agreement between an Optionee and the Company or any
Subsidiary otherwise defining Cause, “Cause” shall have the meaning provided in such agreement.

 

 

    	 

    	 

    

2. Vesting,
Exercisability and Termination.

 

(a) No
portion of this Stock Option may be exercised until such portion shall have vested.

 

(b) Except
as set forth below, and subject to the determination of the Administrator in its sole discretion to accelerate the vesting schedule
hereunder, this Stock Option shall be vested and exercisable with respect to the Option Shares on the respective dates indicated
below:

 

	
        Incremental (Aggregate Number)

        of Option Shares Exercisable
	Vesting Date
	 	 
	______________ (__%)	[_______________]
	______________ (__%)	[_______________]
	______________ (__%)	[_______________]

 

[Notwithstanding anything herein to the
contrary, in the event that this Stock Option is assumed or continued by the Company or its successor entity in the sole discretion
of the parties to a Sale Event pursuant to Section 3(c) of the Plan and thereafter remains in effect following such Sale Event,
and within six months following such Sale Event the Company and its Subsidiaries or successor entity terminates the employment
of the Optionee without Cause, then, as of the date upon which the Optionee’s employment with the Company terminates, this
Stock Option shall be deemed vested and exercisable with respect to all Shares that would have been vested under the vesting schedule
set forth above had the Optionee’s employment terminated one year after such termination date.]

 

[For senior executives only:] [Notwithstanding
anything herein to the contrary, in the event that this Stock Option is assumed or continued by the Company or its successor entity
in the sole discretion of the parties to a Sale Event pursuant to Section 3(c) of the Plan and thereafter remains in effect following
such Sale Event and within 12 months following such Sale Event, the Company, its Subsidiaries or its successor entity, as the case
may be, terminates the employment of the Optionee without Cause or materially diminishes the Optionee’s duties, then, as
of the date upon which the Optionee’s employment with the Company terminates, or such earlier date of diminution of duties,
this Stock Option shall be deemed vested and exercisable with respect to all Shares not previously vested.  If this Stock
Option is not assumed or continued by the Company or its successor entity in any Sale Event pursuant to Section 3(c) of the Plan
and this Stock Option shall terminate in connection with such Sale Event, then immediately prior to such Sale Event (and in any
case with a reasonable enough time for the Optionee to exercise this Stock Option prior to such Sale Event), this Stock Option
shall be deemed vested and exercisable with respect to one-half of the Option Shares not previously vested.]

 

    	2

    	 

    

(c) Termination.  Except
as may otherwise be provided by the Administrator, if the Optionee’s employment with the Company or a Subsidiary is terminated,
the period within which to exercise this Stock Option may be subject to earlier termination as set forth below:

 

(i) Termination
Due to Death. If the Optionee’s employment terminates by reason of such Optionee’s death, this Stock Option may
be exercised, to the extent exercisable on the date of such termination, by the Optionee, the Optionee’s legal representative
or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

 

(ii) Termination
Due to Disability.  If the Optionee’s employment terminates by reason of such Optionee’s disability (as
determined by the Administrator), this Stock Option may be exercised, to the extent exercisable on the date of such termination,
by the Optionee, the Optionee’s legal representative or legatee for a period of 6 months from the date of such disability
or until the Expiration Date, if earlier.

 

(iii) Other
Termination.  If the Optionee’s employment terminates for any reason other than death or disability, and unless
otherwise determined by the Administrator, this Stock Option may be exercised, to the extent exercisable on the date of termination,
for a period of 90 days from the date of termination or until the Expiration Date, if earlier; provided, however,
if the Optionee’s employment is terminated for Cause, this Stock Option shall terminate immediately upon the date of such
termination.

 

For purposes hereof, the Administrator’s
determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee
and his or her representatives or legatees.  Any portion of this Stock Option that is not exercisable on the date of
termination of the employment shall terminate immediately and be null and void.

 

3. Exercise
of Stock Option.

 

(a) The
Optionee may exercise this Stock Option only in the following manner:  from time to time on or prior to the Expiration
Date, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares
purchasable at the time of such notice.  Such notice shall specify the number of Option Shares to be purchased.  Payment
of the purchase price for the Option Shares may be made by one or more of the following methods:  (i) in cash, by
certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to
the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that have been beneficially owned
by the Optionee for at least six months (or such other holding periods as may be required by the Administrator) and that are not
then subject to restrictions under any Company plan.  Such surrendered shares shall be valued at Fair Market Value on
the exercise date; (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable
instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase
price; provided that in the event the Optionee chooses to pay the purchase price as so provided, the Optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe
as a condition of such payment procedure; (iv) by a “net exercise” arrangement pursuant to which the Company will reduce
the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not
exceed the aggregate exercise price; or (v) a combination of (i), (ii), (iii) and (iv) above.  Payment instruments
will be received subject to collection.

 

    	3

    	 

    

The transfer to the Optionee on the records
of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee
of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained
herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement
or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise
of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and
regulations.  In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through
the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be
net of the shares attested to.

 

(b) The
shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company
or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or
regulations in connection with such issuance and with the requirements hereof and of the Plan.  The determination of
the Administrator as to such compliance shall be final and binding on the Optionee.  The Optionee shall not be deemed
to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option
unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall
have transferred the shares to the Optionee, and the Optionee’s name shall have been entered as the stockholder of record
on the books of the Company.  Thereupon, the Optionee shall have full voting, dividend and other ownership rights with
respect to such shares of Stock.

 

(c) The
minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the
number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under
this Stock Option at the time.

 

(d) Notwithstanding
any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof.

 

4. Incorporation
of Plan.  Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed
by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan.  Capitalized
terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.

 

5. Transferability
of Stock Option.  This Agreement is personal to the Optionee and is not transferable by the Optionee in any manner
other than by will or by the laws of descent and distribution.  The Stock Option may be exercised during the Optionee’s
lifetime only by the Optionee (or by the Optionee’s guardian or personal representative in the event of the Optionee’s
incapacity).  The Optionee may elect to designate a beneficiary by providing written notice of the name of such beneficiary
to the Company, and may revoke or change such designation at any time by filing written notice of revocation or change with the
Company; such beneficiary may exercise the Optionee’s Stock Option in the event of the Optionee’s death to the extent
provided herein.  If the Optionee does not designate a beneficiary, or if the designated beneficiary predeceases the
Optionee, the legal representative of the Optionee may exercise this Stock Option to the extent provided herein in the event of
the Optionee’s death.

 

    	4

    	 

    

6. Withholding
Taxes.  The Optionee shall, not later than the date as of which the exercise of this Stock Option becomes a taxable
event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of
any Federal, state, and local taxes required by law to be withheld on account of such taxable event.  The Company shall
have the authority to cause the minimum required tax withholding obligation to be satisfied, in whole or in part, by withholding
from shares of Stock to be issued to the Optionee a number of shares of Stock with an aggregate Fair Market Value that would satisfy
the withholding amount due.  The Optionee acknowledges and agrees that the Company or any Subsidiary of the Company has
the right to deduct from payments of any kind otherwise due to the Optionee, or from the Option Shares to be issued in respect
of an exercise of this Stock Option, any federal, state or local taxes of any kind required by law to be withheld with respect
to the issuance of Option Shares to the Optionee.

 

7. Noncompetition,
etc.  For purposes of this Section 7, references to the “Company” shall include, individually and
collectively, the Company and its Subsidiaries and affiliates and its/their respective predecessors, successors and assigns.  As
a condition of the Optionee’s continued employment and in consideration of this Stock Option, the Optionee hereby expressly
agrees to be bound by the following covenants, terms and conditions.  The Optionee hereby acknowledges and agrees that
he or she has had and/or will have access to trade secrets, proprietary and confidential information relating to the Company and
its clients, including but not limited to, marketing data, financial information, client and prospect lists (including without
limitation, Rolodex type or computer- and Web-based compilations (including but not limited to salesforce.com or other CRM system
data) maintained by the Company or the Optionee), and details of programs and methods, potential and actual acquisitions, divestitures
and joint ventures, pricing policies, strategies, terms of service, business and product plans, cost information and software,
in each case of the Company and/or its respective clients.  Accordingly, the Optionee voluntarily enters into the following
covenants to provide the Company with reasonable protection of those and other valuable interests of the Company:

 

(a) Notwithstanding
anything in this Agreement to the contrary, the Optionee agrees that during the term of his employment and any other professional
services relationship with the Company and for [12 months] from the later of the date of termination of the Optionee’s
employment or other professional services relationship with the Company (the “Post-Termination Period”),  the
Optionee shall not, alone or as an employee, officer, director, agent, shareholder (other than an owner of one-percent or less
of the outstanding shares of any publicly-traded company), consult, partner, member, owner or in any other capacity, directly or
indirectly:

 

    	5

    	 

    

(i) engage
in any Competitive Activity, as defined below, within or with respect to any location in the United States or abroad in which the
Optionee performed or directed his services (including but not limited to sales and customer calls, whether conducted in person,
by telephone or online) at any time during the twelve month period immediately preceding the termination of the Optionee’s
employment for any reason (the “Territories”), or assist any other person or organization in engaging in, or preparing
to engage in, any Competitive Activity in such Territories;

 

(ii) solicit
or provide services to any Clients, as defined below, of the Company on his own behalf or on behalf of any third party, in furtherance
of any Competitive Activity.  For purposes of this Section 7, “Client” shall mean any current or former customer
of the Company or user of the Company’s services or software during the term of the Optionee’s employment with the
Company, including but not limited to, with respect to such customers, for any reason, at anytime during the term of the Optionee’s
employment with the Company:

 

(A) The
Optionee performed services whether conducted in person, by telephone or online) on behalf of the Company;

 

(B) The
Optionee had substantial contact; or

 

(C) The
Optionee acquired or had access to trade secrets or other confidential or proprietary information relating to such customer as
a result of the Optionee’s employment with the Company;

 

(iii) encourage,
participate in or solicit any employee or consultant of the Company to engage in Competitive Activity or to accept employment with
any third party engaged in Competitive Activity.  This subsection 7(a)(iii) shall be limited to employees and consultants
who: (1) are current employees or consultants; or (2) left the employment of the Company or whose provision of services to the
Company terminated within the 12 month period prior to the Optionee’s termination of employment with the Company for any
reason; and

 

(iv) for
purposes of this Agreement, “Competitive Activity” shall mean participating in:

 

(A) any
business in competition with the Company organized or operating under any of the following names:  [Insert Competitors];
and/or

 

(B) any
offering, sale, licensing or provision by any entity of any software, application service or system, in direct or indirect competition
with the Company’s offerings and including, but not limited to, electronic or digital document repositories for facilitating
transactional due diligence, mergers, acquisitions, divestitures, financing, investments, investor relations, corporate records
and corporate governance documents, research and development, clinical trials or other business processes for which the Company’s
products or services are or have been used during the 12 month period preceding termination of the Optionee’s employment
for any reason; and/or

 

    	6

    	 

    

(C) any
business that develops, manufactures or markets any products or performs any services that are otherwise competitive with the products
or services of  the Company or any of the products or services that the Company has under development or that are subject
to active planning at any time during the 12 month period immediately preceding the termination of the Optionee’s professional
services to the Company.

 

(b) The
Optionee agrees that the foregoing restrictions are reasonable and justified in light of: (i) the nature of  the Company’s
business and customers; (ii) the confidential and proprietary information to which the Optionee has had and will have exposure
and access during the course of his professional relationship with the Company; and (iii) the need for the adequate protection
of the business and the goodwill of the Company.  In the event any restriction in this Section 7 is deemed to be invalid
or unenforceable by any court of competent jurisdiction, the Optionee agrees to the reduction of said restriction to such period
or scope that such court deems reasonable and enforceable.

 

(c) The
Optionee acknowledges and agrees that any breach of this Section 7 shall cause the Company immediate, substantial and irreparable
harm and therefore, in the event of any such breach, the Optionee agrees that the Company may terminate or suspend severance payments
to the Optionee and that the Optionee shall immediately forfeit any equity compensation granted, vested and unvested, that have
not previously been exercised and, in addition to any other remedies which may be available, the Company shall have the right to
seek specific performance and injunctive relief, without the need to post a bond or other security.

 

(d) The
Optionee acknowledges and agrees that the provisions of this Section 7 are in addition to, and not in lieu of, any non-solicitation,
non-competition, confidentiality, nonraid and/or similar obligations which the Optionee may have with respect to the Company, whether
by agreement, fiduciary obligation or otherwise.  Without in any way limiting the provisions of this Section 7, the Optionee
further acknowledges and agrees that the provisions of this Section 7 shall remain applicable in accordance with their terms after
the date of termination of the Optionee’s employment, regardless of whether the Optionee’s termination or cessation
of employment is voluntary or involuntary.

 

(e) During
and after the term of the Optionee’s employment with the Company, the Optionee covenants and agrees that he will not disclose
to anyone without the Company’s prior written consent, any proprietary and confidential materials, documents, records or
other non-public information of any type whatsoever concerning or relating to the business and affairs of the Company which the
Optionee may have acquired in the course of his employment hereunder, including but not limited to:  (i) trade secrets
of the Company; (ii) lists of and/or information concerning current, former, and/or prospective customers or clients of the Company;
(iii) marketing data and financial information; (iv) information regarding potential and actual acquisitions, divestitures and
joint ventures, (v) pricing policies, strategies, terms of service, business and product plans, cost information and software;
and (vi) information relating to programs and methods of doing business (including information concerning operations, technology
and systems) in use or contemplated use by the Company and not generally known among the Company’s competitors, except to
the extent such disclosure is required by law, regulation or legal process.

 

    	7

    	 

    

(f) During
and after the Optionee’s employment, the Optionee shall cooperate fully with the Company in the defense or prosecution of
any claims or actions now in existence or which may be brought in the future against or on behalf of the Company which relate to
events or occurrences that transpired while the Optionee was employed by the Company.  The Optionee’s full cooperation
in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare
for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times.  During and after
the Optionee’s employment, the Optionee also shall cooperate fully with the Company in connection with any investigation
or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences
that transpired while the Optionee was employed by the Company.  The Company shall reimburse the Optionee for any reasonable
out-of-pocket expenses incurred in connection with the Optionee’s performance of obligations pursuant to this Section 7(f).

 

(g) The
Optionee acknowledges and agrees that his breach of any provision of this Section 7 (collectively the “Restrictive Covenants”)
would result in irreparable injury and damage for which money damages do not provide adequate remedy.  Therefore, if
the Optionee breaches or threatens to commit a breach of any Restrictive Covenant, the Company shall have the following rights
and remedies (in accordance with applicable law and upon compliance with any necessary prerequisites imposed by law upon the availability
of such remedies), each of which rights and remedies shall be independent of the other and severally enforceable, and all of which
rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to Company under law or
in equity (including, without limitation, the recovery of damages):

 

(i) To
have the Restrictive Covenants specifically enforced (without posting bond and without the need to prove damages) by any court
having jurisdiction, including, without limitation, the right to seek an entry against the Optionee of restraining orders and injunctions
(preliminary, mandatory, temporary and permanent) against violations, threatened or actual, and whether or not then continuing,
of such covenants;

 

(ii) To
require the Optionee to forfeit his right to receive the balance of any compensation due him which is not yet earned and accrued
or vested under this Agreement (whether it be in the form of severance pay, annual salary, expenses or vacation); and

 

(iii) To
require the Optionee to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other
benefits (collectively, “Profits”) derived or received by him as the result of any transactions constituting a breach
of the Restrictive Covenants, and the Optionee shall account for and pay over the Profits to the Company.

 

Without in any way limiting the provisions
of this Section 7, the Optionee further acknowledges and agrees that the provisions of this Section 7 shall remain applicable in
accordance with their terms after the date of termination of the Optionee’s employment, regardless of whether: (i) the Optionee’s
termination or cessation of employment is voluntary or involuntary; and (ii) any Option Shares are not vested or will not vest.   In
addition, notwithstanding anything in this Agreement, the provisions of this Section 7 shall survive a Sale Event and the vesting
in full of the Option Shares.

 

    	8

    	 

    

8. Miscellaneous
Provisions.

 

(a) Change
and Modifications.  This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of
any of its terms be effective.  This Agreement may be changed, modified or terminated only by an agreement in writing
signed by the Company and the Optionee.

 

(b) Governing
Law.  This Agreement shall be governed by and construed in accordance with the laws of Delaware without regard to
conflict of law principles.

 

(c) Headings.  The
headings are intended only for convenience in finding the subject matter and do not constitute part of the text of this Agreement
and shall not be considered in the interpretation of this Agreement.

 

(d) Saving
Clause.  If any provision(s) of this Agreement shall be determined to be illegal or unenforceable, such determination
shall in no manner affect the legality or enforceability of any other provision hereof.

 

(e) Notices.  All
notices, requests, consents and other communications shall be in writing and be deemed given when delivered personally, by telex
or facsimile transmission or when received if mailed by first class registered or certified mail, postage prepaid.  Notices
to the Company or the Optionee shall be addressed as set forth underneath their signatures below, or to such other address or addresses
as may have been furnished by such party in writing to the other.

 

(f) No
Obligation to Continue Employment.  Neither the Company nor any Subsidiary is obligated by or as a result of the
Plan or this Agreement to continue the Optionee in employment and neither the Plan nor this Agreement shall interfere in any way
with the right of the Company or any Subsidiary to terminate the employment of the Optionee at any time.

 

(g) Benefit
and Binding Effect.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their
respective successors, permitted assigns, and legal representatives.  The Company has the right to assign this Agreement,
and such assignee shall become entitled to all the rights of the Company hereunder to the extent of such assignment.

 

(h) Dispute
Resolution.  Except as provided below or in Section 7, above, all disputes, claims, or controversies arising out
of or relating to this Agreement, or the negotiation, validity or performance hereof or the transactions contemplated hereby, that
are not resolved by mutual agreement shall be resolved solely and exclusively by binding arbitration to be conducted before J.A.M.S./Endispute,
Inc. or its successor.  The parties understand and agree that this arbitration provision shall apply equally to claims
of fraud or fraud in the inducement.  The arbitration shall be held in New York City, New York before a single arbitrator
and shall be conducted in accordance with the rules and regulations promulgated by J.A.M.S./Endispute, Inc. unless specifically
modified herein.

 

    	9

    	 

    

The parties covenant and agree that the
arbitration shall commence within 120 days of the date on which a written demand for arbitration is filed by any party hereto.  In
connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party
and any third-party witnesses.  In addition, each party may take up to three depositions as of right, and the arbitrator
may in his or her discretion allow additional depositions upon good cause shown by the moving party.  However, the arbitrator
shall not have the power to order the answering of interrogatories or the response to requests for admission.  In connection
with any arbitration, each party shall provide to the other, no later than 14 business days before the date of the arbitration,
the identity of all persons that may testify at the arbitration, a copy of all documents that may be introduced at the arbitration
or considered or used by a party’s witness or expert, and a summary of the expert’s opinions and the basis for said
opinions.  The arbitrator’s decision and award shall be made and delivered within 60 days of the conclusion of
the arbitration.  The arbitrator’s decision shall set forth a reasoned basis for any award of damages or finding
of liability.  The arbitrator shall not have power to award damages in excess of actual compensatory damages and shall
not multiply actual damages or award punitive damages or any other damages that are specifically excluded under this Agreement,
and each party hereby irrevocably waives any claim to such damages.

 

The parties covenant and agree that they
will participate in the arbitration in good faith and that they will share equally its costs, except as otherwise provided herein.  The
arbitrator may in his or her discretion assess costs and expenses (including the reasonable legal fees and expenses of the prevailing
party) against any party to a proceeding.  Any party unsuccessfully refusing to comply with an order of the arbitrators
shall be liable for costs and expenses, including attorneys’ fees, incurred by the other party in enforcing the award.  This
Section applies equally to requests for temporary, preliminary or permanent injunctive relief, except that in the case of temporary
or preliminary injunctive relief any party may proceed in court without prior arbitration for the limited purpose of avoiding immediate
and irreparable harm.  The provisions of this Section shall be enforceable in any court of competent jurisdiction.

 

Subject to the second sentence of the immediately
preceding paragraph, the parties shall bear their own attorneys’ fees, costs and expenses in connection with the arbitration.  The
parties will share equally in the fees and expenses charged by J.A.M.S./Endispute, Inc.

 

Each of the parties hereto irrevocably and
unconditionally consents to the exclusive jurisdiction of J.A.M.S./Endispute, Inc. to resolve all disputes, claims or controversies
arising out of or relating to this Agreement or any other agreement executed and delivered pursuant to this Agreement or the negotiation,
validity or performance hereof and thereof or the transactions contemplated hereby and thereby and further consents to the jurisdiction
of the courts of New York for the purposes of enforcing the arbitration provisions of this Section.  Each party further
irrevocably waives any objection to proceeding before J.A.M.S./Endispute, Inc. based upon lack of personal jurisdiction or to the
laying of venue and further irrevocably and unconditionally waives and agrees not to make a claim in any court that arbitration
before J.A.M.S./Endispute, Inc. has been brought in an inconvenient forum.  Each of the parties hereto hereby consents
to service of process by registered mail at the address to which notices are to be given.  Each of the parties hereto
agrees that its or his submission to jurisdiction and its or his consent to service of process by mail is made for the express
benefit of the other parties hereto.

 

    	10

    	 

    

(i) Counterparts.  For
the convenience of the parties and to facilitate execution, this Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the same document.

 

    	11

    	 

    

The foregoing Agreement is hereby accepted
and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written.

 

 

	 	INTRALINKS HOLDINGS, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 
	 	Address:	 
	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 	 

 

The foregoing Agreement is hereby accepted
and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written.

 

	 	OPTIONEE:	 
	 	 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 	 
	 	 	 	 

[SPOUSE’S CONSENT1

I acknowledge that I have read the

foregoing Incentive Stock Option Agreement

and understand the contents thereof.

 

____________________________________]

 

1 A spouse’s consent is
required only if the Optionee’s state of residence is one of the following community property states:  Arizona,
California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington and Wisconsin (check WI statute).

 

 

    	12

    	 

    

Restricted Stock Award Agreement

under the IntraLinks Holdings, Inc.

2010 Equity Incentive Plan

 

	Name of Grantee:	_________________________________________ 	 
	 	 	 
	No. of Shares:	________________________ 	 
	 	 	 
	Grant Date:	________________________ 	 

 

Pursuant to the IntraLinks Holdings, Inc.
2010 Equity Incentive Plan (the “Plan”), IntraLinks Holdings, Inc. (together with all successors thereto, the “Company”),
hereby grants a Restricted Stock Award (an “Award”) to the Grantee named above.  Upon acceptance of this
Award, the Grantee shall receive the number of shares of Common Stock, par value $0.001 per share (the “Stock”) of
the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan.  The Company
acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past
or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.

 

1.        
    Acceptance of Award.  The Grantee shall have no rights with respect to this Award unless he
or she shall have accepted this Award by (i) signing and delivering to the Company a copy of this Award Agreement, and (ii)
delivering to the Company a stock power endorsed in blank.  Upon acceptance of this Award by the Grantee, the shares
of Restricted Stock so accepted shall be issued and held by the Company’s transfer agent in book entry form, and the Grantee’s
name shall be entered as the stockholder of record on the books of the Company.  Thereupon, the Grantee shall have all
the rights of a stockholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions
and conditions specified in Paragraph 2 below.

 

2.        
    Restrictions and Conditions.

 

(a)           Any
book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator
in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan.

 

(b)           Shares
of Restricted Stock granted herein may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the
Grantee prior to vesting.

 

(c)           If
the Grantee’s employment with the Company and its Subsidiaries is voluntarily or involuntarily terminated for any reason
(including death) prior to vesting of shares of Restricted Stock granted herein, all shares of Restricted Stock shall immediately
and automatically be forfeited and returned to the Company.

 

 

    	 

    	 

    

3.           Vesting
of Restricted Stock.  The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting
Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or a Subsidiary on
such Dates.  If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall
lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

 

	
        Number of

        Shares Vested
	Vesting Date
	 	 
	_____________ (___%)	____________
	_____________ (___%)	____________
	_____________ (___%)	____________

 

Subsequent to such Vesting Date or Dates,
the shares of Stock on which all restrictions and conditions have lapsed shall no longer be deemed Restricted Stock.  The
Administrator may at any time accelerate the vesting schedule specified in this Paragraph 3.

 

[Notwithstanding the foregoing, in the event
that the Restricted Stock subject to this Award (or any portion thereof) is assumed or continued by the Company or its successor
entity in the sole discretion of the parties to a Sale Event pursuant to Section 3(c) of the Plan and within six months following
a Sale Event the Company and its Subsidiaries or successor entity terminates the employment of the Grantee without Cause, then,
as of the date upon which the Grantee’s employment with the Company terminates, then the restrictions and conditions shall
lapse with respect to such number of shares of Restricted Stock that would have been vested under the vesting schedule set forth
above had the Grantee’s employment terminated one year after such termination date.]

 

[For senior executives only:] [Notwithstanding
anything herein to the contrary, in the event that the Restricted Stock subject to this Award is assumed or continued by the Company
or its successor entity in the sole discretion of the parties to a Sale Event pursuant to Section 3(c) of the Plan and within 12
months following such Sale Event, the Company, its Subsidiaries or its successor entity, as the case may be, terminates the employment
of the Grantee without Cause or materially diminishes the Grantee’s duties, then, as of the date upon which the Grantee’s
employment with the Company terminates, or such earlier date of diminution of duties, the restrictions and conditions shall lapse
with respect to any then unvested shares of Restricted Stock.  If this Award is not assumed or continued by the Company
or its successor entity in any Sale Event pursuant to Section 3(c) of the Plan, then immediately prior to such Sale Event, the
restrictions and conditions shall lapse with respect to one-half of any then unvested shares of Restricted Stock.]

 

[For purposes of this Award Agreement, the
term “Cause” shall mean, in the absence of any employment or similar agreement between a Grantee and the Company or
any Subsidiary otherwise defining Cause, dismissal by the Company of the Grantee as a result of (i) the commission of any act by
the Grantee constituting financial dishonesty against the Company or any Subsidiary (which act would be chargeable as a crime under
applicable law); (ii) the Grantee’s engaging in any other act of fraud, intentional misrepresentation, moral turpitude, illegality
or harassment; (iii) unauthorized use or disclosure by an Grantee of any proprietary information or trade secrets of the Company
or any other party to whom the Grantee owes an obligation of nondisclosure as a result of his or her relationship with the Company;
(iv) the repeated failure by the Grantee to follow the directives of the chief executive officer or president of the Company or
any Subsidiary, the Board, or the board of directors or managers of any Subsidiary; or (v) any material misconduct, violation of
the Company’s or any Subsidiary’s policies, or willful and deliberate non-performance of duty by the Grantee in connection
with the business affairs of the Company or any Subsidiary.  In the event there is an employment or similar agreement
between a Grantee and the Company or any Subsidiary otherwise defining Cause, “Cause” shall have the meaning provided
in such agreement.]

 

 

    	2

    	 

    

4.       
    Dividends.  Dividends on Shares of Restricted Stock shall be paid currently to the Grantee.

 

5.            Incorporation
of Plan.  Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all
the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan.  Capitalized
terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.

 

6.        
   Transferability.  This Agreement is personal to the Grantee, is non-assignable and is not transferable
in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.

 

7.           Tax
Withholding.  The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable
event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of
any Federal, state, and local taxes required by law to be withheld on account of such taxable event.  Except in the case
where an election is made pursuant to Paragraph 8 below, the Company shall have the authority to cause the required minimum tax
withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued or released by the
transfer agent a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due.

 

8.        
   Election Under Section 83(b).  The Grantee and the Company hereby agree that the Grantee may,
within 30 days following the acceptance of this Award as provided in Paragraph 1 hereof, file with the Internal Revenue Service
and the Company an election under Section 83(b) of the Internal Revenue Code.  In the event the Grantee makes such an
election, he or she agrees to provide a copy of the election to the Company.  The Grantee acknowledges that he or she
is responsible for obtaining the advice of his or her tax advisors with regard to the Section 83(b) election and that he or she
is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with regard
to such election.

 

9.         
  No Obligation to Continue Employment.  Neither the Company nor any Subsidiary is obligated by or as
a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall interfere
in any way with the right of the Company or any Subsidiary to terminate the employment of the Grantee at any time.

 

    	3

    	 

    

10.           Noncompetition,
etc.  For purposes of this Section 10, references to the “Company” shall include, individually and collectively,
the Company and its Subsidiaries and affiliates and its/their respective predecessors, successors and assigns.  As a
condition of Grantee’s continued employment and in consideration of this Award, Grantee hereby expressly agrees to be bound
by the following covenants, terms and conditions.  Grantee hereby acknowledges and agrees that he or she has had and/or
will have access to trade secrets, proprietary and confidential information relating to the Company and its clients, including
but not limited to, marketing data, financial information, client and prospect lists (including without limitation, Rolodex type
or computer- and Web-based compilations (including but not limited to salesforce.com or other CRM system data) maintained by the
Company or Grantee), and details of programs and methods, potential and actual acquisitions, divestitures and joint ventures, pricing
policies, strategies, terms of service, business and product plans, cost information and software, in each case of the Company
and/or its respective clients.  Accordingly, Grantee voluntarily enters into the following covenants to provide the Company
with reasonable protection of those and other valuable interests of the Company:

 

(a)           Notwithstanding
anything in this Agreement to the contrary, Grantee agrees that during the term of his employment and any other professional services
relationship with the Company and for [12 months] from the later of the date of termination of Grantee’s employment
or other professional services relationship with the Company (the “Post-Termination Period”),  Grantee shall
not, alone or as an employee, officer, director, agent, shareholder (other than an owner of one-percent or less of the outstanding
shares of any publicly-traded company), consult, partner, member, owner or in any other capacity, directly or indirectly:

 

(i)           engage
in any Competitive Activity, as defined below, within or with respect to any location in the United States or abroad in which Grantee
performed or directed his services (including but not limited to sales and customer calls, whether conducted in person, by telephone
or online) at any time during the twelve month period immediately preceding the termination of Grantee’s employment for any
reason (the “Territories”), or assist any other person or organization in engaging in, or preparing to engage in, any
Competitive Activity in such Territories;

 

(ii)           solicit
or provide services to any Clients, as defined below, of the Company on his own behalf or on behalf of any third party, in furtherance
of any Competitive Activity.  For purposes of this Section 10, “Client” shall mean any current or former
customer of the Company or user of the Company’s services or software during the term of Grantee’s employment with
the Company, including but not limited to, with respect to such customers, for any reason, at anytime during the term of Grantee’s
employment with the Company:

 

(A)           Grantee
performed services whether conducted in person, by telephone or online) on behalf of the Company;

 

(B)           Grantee
had substantial contact; or

 

(C)           Grantee
acquired or had access to trade secrets or other confidential or proprietary information relating to such customer as a result
of Grantee’s employment with the Company;

 

    	4

    	 

    

(iii)           encourage,
participate in or solicit any employee or consultant of the Company to engage in Competitive Activity or to accept employment with
any third party engaged in Competitive Activity.  This subsection 10(a)(iii) shall be limited to employees and consultants
who: (1) are current employees or consultants; or (2) left the employment of the Company or whose provision of services to the
Company terminated within the 12 month period prior to Grantee’s termination of employment with the Company for any reason;
and

 

(iv)           for
purposes of this Agreement, “Competitive Activity” shall mean participating in:

 

(A)           any
business in competition with the Company organized or operating under any of the following names:  [Insert Competitors];
and/or

 

(B)           any
offering, sale, licensing or provision by any entity of any software, application service or system, in direct or indirect competition
with the Company’s offerings and including, but not limited to, electronic or digital document repositories for facilitating
transactional due diligence, mergers, acquisitions, divestitures, financing, investments, investor relations, corporate records
and corporate governance documents, research and development, clinical trials or other business processes for which the Company’s
products or services are or have been used during the 12 month period preceding termination of Grantee’s employment for any
reason; and/or

 

(C)           any
business that develops, manufactures or markets any products or performs any services that are otherwise competitive with the products
or services of  the Company or any of the products or services that the Company has under development or that are subject
to active planning at any time during the 12 month period immediately preceding the termination of the Grantee’s professional
services to the Company.

 

(b)           Grantee
agrees that the foregoing restrictions are reasonable and justified in light of: (i) the nature of  the Company’s
business and customers; (ii) the confidential and proprietary information to which Grantee has had and will have exposure and access
during the course of his professional relationship with the Company; and (iii) the need for the adequate protection of the business
and the goodwill of the Company.  In the event any restriction in this Section 10 is deemed to be invalid or unenforceable
by any court of competent jurisdiction, Grantee agrees to the reduction of said restriction to such period or scope that such court
deems reasonable and enforceable.

 

(c)           Grantee
acknowledges and agrees that any breach of this Section 10 shall cause the Company immediate, substantial and irreparable harm
and therefore, in the event of any such breach, Grantee agrees that the Company may terminate or suspend severance payments to
Grantee and that Grantee shall immediately forfeit any equity compensation granted, vested and unvested, that have not previously
been exercised and, in addition to any other remedies which may be available, the Company shall have the right to seek specific
performance and injunctive relief, without the need to post a bond or other security.

 

    	5

    	 

    

(d)           Grantee
acknowledges and agrees that the provisions of this Section 10 are in addition to, and not in lieu of, any non-solicitation, non-competition,
confidentiality, nonraid and/or similar obligations which Grantee may have with respect to the Company, whether by agreement, fiduciary
obligation or otherwise.  Without in any way limiting the provisions of this Section 10, Grantee further acknowledges
and agrees that the provisions of this Section 10 shall remain applicable in accordance with their terms after the date of termination
of Grantee’s employment, regardless of whether Grantee’s termination or cessation of employment is voluntary or involuntary.

 

(e)           During
and after the term of Grantee’s employment with the Company, Grantee covenants and agrees that he will not disclose to anyone
without the Company’s prior written consent, any proprietary and confidential materials, documents, records or other non-public
information of any type whatsoever concerning or relating to the business and affairs of the Company which Grantee may have acquired
in the course of his employment hereunder, including but not limited to:  (i) trade secrets of the Company; (ii) lists
of and/or information concerning current, former, and/or prospective customers or clients of the Company; (iii) marketing data
and financial information; (iv) information regarding potential and actual acquisitions, divestitures and joint ventures, (v) pricing
policies, strategies, terms of service, business and product plans, cost information and software; and (vi) information relating
to programs and methods of doing business (including information concerning operations, technology and systems) in use or contemplated
use by the Company and not generally known among the Company’s competitors, except to the extent such disclosure is required
by law, regulation or legal process.

 

(f)           During
and after the Grantee’s employment, the Grantee shall cooperate fully with the Company in the defense or prosecution of any
claims or actions now in existence or which may be brought in the future against or on behalf of the Company which relate to events
or occurrences that transpired while the Grantee was employed by the Company.  The Grantee’s full cooperation in
connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for
discovery or trial and to act as a witness on behalf of the Company at mutually convenient times.  During and after the
Grantee’s employment, the Grantee also shall cooperate fully with the Company in connection with any investigation or review
of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired
while the Grantee was employed by the Company.  The Company shall reimburse the Grantee for any reasonable out-of-pocket
expenses incurred in connection with the Grantee’s performance of obligations pursuant to this Section 10(f).

 

(g)           Grantee
acknowledges and agrees that his breach of any provision of this Section 10 (collectively the “Restrictive Covenants”)
would result in irreparable injury and damage for which money damages do not provide adequate remedy.  Therefore, if
Grantee breaches or threatens to commit a breach of any Restrictive Covenant, the Company shall have the following rights and remedies
(in accordance with applicable law and upon compliance with any necessary prerequisites imposed by law upon the availability of
such remedies), each of which rights and remedies shall be independent of the other and severally enforceable, and all of which
rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to Company under law or
in equity (including, without limitation, the recovery of damages):

 

    	6

    	 

    

(i)           To
have the Restrictive Covenants specifically enforced (without posting bond and without the need to prove damages) by any court
having jurisdiction, including, without limitation, the right to seek an entry against Grantee of restraining orders and injunctions
(preliminary, mandatory, temporary and permanent) against violations, threatened or actual, and whether or not then continuing,
of such covenants;

 

(ii)           To
require Grantee to forfeit his right to receive the balance of any compensation due him which is not yet earned and accrued or
vested under this Agreement (whether it be in the form of severance pay, annual salary, expenses or vacation); and

 

(iii)           To
require Grantee to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits
(collectively, “Profits”) derived or received by him as the result of any transactions constituting a breach of the
Restrictive Covenants, and Grantee shall account for and pay over the Profits to the Company.

 

Without in any way limiting the provisions
of this Section 10, Grantee further acknowledges and agrees that the provisions of this Section 10 shall remain applicable in accordance
with their terms after the date of termination of Grantee’s employment, regardless of whether: (i) Grantee’s termination
or cessation of employment is voluntary or involuntary; and (ii) any shares of Restricted Stock are not vested or will not vest.   In
addition, notwithstanding anything in this Agreement, the provisions of this Section 10 shall survive a Sale Event and the vesting
in full of this Award.

 

11.           Dispute
Resolution.  Except as provided below or in Section 10, above, all disputes, claims, or controversies arising out
of or relating to this Agreement, or the negotiation, validity or performance hereof or the transactions contemplated hereby, that
are not resolved by mutual agreement shall be resolved solely and exclusively by binding arbitration to be conducted before J.A.M.S./Endispute,
Inc. or its successor.  The parties understand and agree that this arbitration provision shall apply equally to claims
of fraud or fraud in the inducement.  The arbitration shall be held in New York City, New York before a single arbitrator
and shall be conducted in accordance with the rules and regulations promulgated by J.A.M.S./Endispute, Inc. unless specifically
modified herein.

 

    	7

    	 

    

The parties covenant and agree that the
arbitration shall commence within 120 days of the date on which a written demand for arbitration is filed by any party hereto.  In
connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party
and any third-party witnesses.  In addition, each party may take up to three depositions as of right, and the arbitrator
may in his or her discretion allow additional depositions upon good cause shown by the moving party.  However, the arbitrator
shall not have the power to order the answering of interrogatories or the response to requests for admission.  In connection
with any arbitration, each party shall provide to the other, no later than 14 business days before the date of the arbitration,
the identity of all persons that may testify at the arbitration, a copy of all documents that may be introduced at the arbitration
or considered or used by a party’s witness or expert, and a summary of the expert’s opinions and the basis for said
opinions.  The arbitrator’s decision and award shall be made and delivered within 60 days of the conclusion of
the arbitration.  The arbitrator’s decision shall set forth a reasoned basis for any award of damages or finding
of liability.  The arbitrator shall not have power to award damages in excess of actual compensatory damages and shall
not multiply actual damages or award punitive damages or any other damages that are specifically excluded under this Agreement,
and each party hereby irrevocably waives any claim to such damages.

 

The parties covenant and agree that they
will participate in the arbitration in good faith and that they will share equally its costs, except as otherwise provided herein.  The
arbitrator may in his or her discretion assess costs and expenses (including the reasonable legal fees and expenses of the prevailing
party) against any party to a proceeding.  Any party unsuccessfully refusing to comply with an order of the arbitrators
shall be liable for costs and expenses, including attorneys’ fees, incurred by the other party in enforcing the award.  This
Section applies equally to requests for temporary, preliminary or permanent injunctive relief, except that in the case of temporary
or preliminary injunctive relief any party may proceed in court without prior arbitration for the limited purpose of avoiding immediate
and irreparable harm.  The provisions of this Section shall be enforceable in any court of competent jurisdiction.

 

Subject to the second sentence of the immediately
preceding paragraph, the parties shall bear their own attorneys’ fees, costs and expenses in connection with the arbitration.  The
parties will share equally in the fees and expenses charged by J.A.M.S./Endispute, Inc.

 

    	8

    	 

    

12.          
Notices.  Notices hereunder shall be mailed or delivered to the Company at its principal place of business and
shall be mailed or delivered to the Grantee at the address on file with the Company or, in either case, at such other address as
one party may subsequently furnish to the other party in writing.

 

	 	INTRALINKS HOLDINGS, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Title: 	 
	 	 	 	 

 

The foregoing Agreement is hereby accepted and the terms and
conditions thereof hereby agreed to by the undersigned.

 

 

	Dated:	 	 	 	 
	 	 	 	Grantee’s Signature	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	Grantee’s name and address:	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

                                                           

 

 

    	9a50356212ex10-1.htm

Exhibit 10.1

 

SECOND LOAN MODIFICATION AGREEMENT

 

THIS SECOND LOAN MODIFICATION AGREEMENT (the “Agreement”), is made and entered into as of July 23, 2012 by and between POKERTEK, INC. a North Carolina corporation, (the “Company”) on the one hand, and Gehrig White and Arthur Lomax (collectively, the "Lenders"), on the other hand.

 

WHEREAS, pursuant to the Note Purchase Agreement, dated March 24, 2008, (the “Purchase Agreement”) (i) Lyle Berman, James Crawford and the Lenders (collectively, the “Original Lenders”) loaned the Company an aggregate of $2.0 million (the “Loan”), (ii) the Company issued to the Original Lenders its 13% Secured Promissory Note, dated as of March 21, 2008, in the original principal amount of $2.0 Million, due March 24, 2010 (the “Original Note”), to evidence the Loan and (iii) pursuant to a Security Agreement, dated as of March 21, 2008 (the “Security Agreement”), the Company granted the Original Lenders a security interest in certain of its assets to secure repayment of the Loan; and

 

WHEREAS, on July 9, 2009, the Original Note was amended to (i) provide for the monthly payment of accrued interest, (ii) provide for the payment of accrued interest either in shares of the Company’s common stock, no par value (the “Common Stock”) or cash, at the option of the Lenders, and (iii) extend the maturity date of the Loan to March 21, 2012; and

 

WHEREAS, on September 10, 2009, with the exception of Mr. White, the Original Lenders agreed to convert $1.2 million of the original principal amount of the Original Note into 1,455,784 shares of Common Stock, reducing the outstanding principal balance of the Original Note to $800,000 (the “First Conversion”); and

 

WHEREAS, as a result of the First Conversion, Messrs. Berman and Crawford were deemed to have been paid in full and were no longer considered holders of the Original Note; and

 

WHEREAS, pursuant to a Notice of Conversion, dated May 12, 2011, $100,000 of the outstanding principal balance of the Original Note was converted by Mr. White into 73,529 shares of Common Stock, reducing the outstanding principal balance of the Original Note to $700,000 (the “Second Conversion”); and

 

  

1

  

 

WHEREAS, pursuant to a Loan Modification Agreement, dated as of June 2, 2011 (the “Loan Modification Agreement”), the Company and the Lenders agreed to (i) extend the maturity date of the Original Note to March 21, 2013 and (ii) amend and restate the Security Agreement; and

 

WHEREAS, in order to reflect all of the changes to the Original Note since its date of issuance, the Company issued its Amended and Restated Secured Promissory Note in the original principal amount of $700,000, due March 21, 2013 (the “Amended and Restated Note”) and the Company and the Lenders entered into the Amended and Restated Security Agreement, dated as of May 16, 2011 (the “Amended and Restated Security Agreement”); and

 

WHEREAS, the Company and the Lenders have agreed to further amend and restate the Amended and Restated Note and the Amended and Restated Security Agreement as set forth herein.

 

NOW THEREFORE, the parties hereto agree as follows:

 

1.           Waiver of Defaults.

 

The Lenders hereby waive any and all defaults under the Amended and Restated Note, the Purchase Agreement and/or the Amended and Restated Security Agreement, existing on the date hereof, if any.

 

2.           Amendment of the Amended and Restated Note. The Amended and Restated Note is hereby amended as follows:

 

(a)           $100,000 of the outstanding principal balance of the Amended and Restated Note is hereby converted into 133,334 shares of Common Stock (the “Conversion Shares”), based on the closing consolidated bid price of $0.75 per share of Common Stock as reported by the NASDAQ Capital Market on Friday, July 20, 2012, the last trading day prior to the date of this Agreement, reducing the principal balance of the Amended and Restated Note to $600,000 (the “Remaining Principal”). Immediately upon the execution and delivery of this Agreement, the Company shall instruct the transfer agent for the Common Stock to prepare and issue a one or more certificates (based on written instructions provided by the Lenders) evidencing the Conversion Shares. The Lenders acknowledge that such certificates shall bear a standard restricted stock legend that the shares have not been registered under the Securities Act of 1933, as amended (the “Act”) and they may not be transferred sold or conveyed unless they have been registered pursuant to the provision of the Act or such transfer, sale or conveyance is exempt from such registration requirements.

 

  

2

  

 

(b)           The entire outstanding principal balance of the Amended and Restated Note and all accrued but unpaid interest thereon shall become immediately due and payable on December 31, 2016 (the “Maturity Date”).

 

(c)           Interest on the Remaining Principal shall accrue at the rate of 9% per annum and shall be payable in cash, monthly in arrears.

 

(d)           Interest only on the Remaining Principal shall be payable monthly in arrears on the first day of August, September, October, November and December 2012 and January 2013. Beginning February 1, 2013 and ending January 1, 2017, 48 monthly payments of interest and principal in the amount of $14,931.03 (the “Monthly Payment”) shall be due and payable. As set forth on Schedule I hereto, 48 monthly payments of $14,931.03 48 will result in the payment of all the accrued interest and Remaining principal by the Maturity Date. In the event of a prepayment of a portion of the Remaining Principal, the Monthly Payment shall be recalculated to an amount that will result in the Remaining Principal (after taking into account the prepayment) being fully amortized over the remaining term of the Amended and Restated Note and Schedule I shall be amended accordingly.

 

3.           Amendment of the Amended and Restated Security Agreement. The Amended and Restated Security Agreement is hereby amended such that each reference to the Amended and Restated Note shall be deemed to reference the Amended and Restated Note as amended by the terms hereof.

 

4.           Second Amended and Restated Note and Second and Amended and Restated Security Agreement. Immediately upon the execution and delivery of this Agreement and the delivery of the shares pursuant to Section 2(a) above, the Company shall execute and deliver to the Lenders the Second Amended and Restated Security Agreement and the Second Amended and Restated Note, substantially in the forms annexed hereto as Exhibits A and B, respectively.

 

  

3

  

 

5.           Miscellaneous.

 

(a)           This Agreement including the Exhibits hereto constitutes the entire agreement of the parties with respect to the subject matter hereof and is intended to supersede all prior negotiations, understandings and agreements with respect thereto. No provision of this Agreement may be modified or amended except by a written agreement specifically referring to this Agreement and signed by the parties hereto.

 

(b)           This Agreement shall be binding upon and inure to the benefit of each party hereto and its successors and assigns.

 

(c)           Each party shall take such further action and execute and deliver such further documents as may be necessary or appropriate in order to carry out the provisions and purposes of this Agreement.

 

(d)           This Agreement shall be governed by and construed and in accordance with the laws of the State of North Carolina, without regard to the principles of conflicts of law or choice of law provisions.

 

(e)           This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and, all of which taken together shall constitute one and the same Agreement. In the event that any signature is delivered by facsimile transmission or .pdf, such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature were the original thereof.

 

  

4

  

 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first above indicated.

 

	  	 	
PokerTek, Inc.

	  	 	  	  
	  	 	
By:

	  
	  	 	
Name:

	
Mark Roberson

	  	 	
Title:

	
Chief Executive Officer

	  	 	  	  
	  	 	  	  
	  	 	  	  
	
Gehrig White

	 	  	  
	  	 	  	  
	  	 	  	  
	  	 	  	  
	
Arthur Lomax

	 	  	  

 

 

  

5

  

 

SCHEDULE I

 

 

	  	
Principal Amount

	  	
$600,000.00

	  
	  	
Interest Rate

	  	
9%

	  
	  	
months

	  	  	
48

	  
	  	
Start Date for Amortization

	
1/1/2013

	  
	  	  	  	  	  	  
	  	  	  	  	  	  
	 	 	 	 	 	 
	  	
Date

	
Payment

	
Interest

	
Principal

	
Balance

	  	
1/1/2013

	  	  	  	
 $600,000.00

	
1

	
2/1/2013

	
$14,931.03

	
$4,500.00

	
$10,431.03

	
$589,568.97

	
2

	
3/1/2013

	
$14,931.03

	
$4,421.77

	
$10,509.26

	
$579,059.72

	
3

	
4/1/2013

	
$14,931.03

	
$4,342.95

	
$10,588.08

	
$568,471.64

	
4

	
5/1/2013

	
$14,931.03

	
$4,263.54

	
$10,667.49

	
$557,804.15

	
5

	
6/1/2013

	
$14,931.03

	
$4,183.53

	
$10,747.49

	
$547,056.66

	
6

	
7/1/2013

	
$14,931.03

	
$4,102.92

	
$10,828.10

	
$536,228.56

	
7

	
8/1/2013

	
$14,931.03

	
$4,021.71

	
$10,909.31

	
$525,319.24

	
8

	
9/1/2013

	
$14,931.03

	
$3,939.89

	
$10,991.13

	
$514,328.11

	
9

	
10/1/2013

	
$14,931.03

	
$3,857.46

	
$11,073.56

	
$503,254.55

	
10

	
11/1/2013

	
$14,931.03

	
$3,774.41

	
$11,156.62

	
$492,097.93

	
11

	
12/1/2013

	
$14,931.03

	
$3,690.73

	
$11,240.29

	
$480,857.64

	
12

	
1/1/2014

	
$14,931.03

	
$3,606.43

	
$11,324.59

	
$469,533.05

	
13

	
2/1/2014

	
$14,931.03

	
$3,521.50

	
$11,409.53

	
$458,123.52

	
14

	
3/1/2014

	
$14,931.03

	
$3,435.93

	
$11,495.10

	
$446,628.42

	
15

	
4/1/2014

	
$14,931.03

	
$3,349.71

	
$11,581.31

	
$435,047.11

	
16

	
5/1/2014

	
$14,931.03

	
$3,262.85

	
$11,668.17

	
$423,378.94

	
17

	
6/1/2014

	
$14,931.03

	
$3,175.34

	
$11,755.68

	
$411,623.25

	
18

	
7/1/2014

	
$14,931.03

	
$3,087.17

	
$11,843.85

	
$399,779.40

	
19

	
8/1/2014

	
$14,931.03

	
$2,998.35

	
$11,932.68

	
$387,846.72

	
20

	
9/1/2014

	
$14,931.03

	
$2,908.85

	
$12,022.17

	
$375,824.55

	
21

	
10/1/2014

	
$14,931.03

	
$2,818.68

	
$12,112.34

	
$363,712.21

	
22

	
11/1/2014

	
$14,931.03

	
$2,727.84

	
$12,203.18

	
$351,509.02

	
23

	
12/1/2014

	
$14,931.03

	
$2,636.32

	
$12,294.71

	
$339,214.32

	
24

	
1/1/2015

	
$14,931.03

	
$2,544.11

	
$12,386.92

	
$326,827.40

	
25

	
2/1/2015

	
$14,931.03

	
$2,451.21

	
$12,479.82

	
$314,347.58

	
26

	
3/1/2015

	
$14,931.03

	
$2,357.61

	
$12,573.42

	
$301,774.16

	
27

	
4/1/2015

	
$14,931.03

	
$2,263.31

	
$12,667.72

	
$289,106.44

	
28

	
5/1/2015

	
$14,931.03

	
$2,168.30

	
$12,762.73

	
$276,343.71

	
29

	
6/1/2015

	
$14,931.03

	
$2,072.58

	
$12,858.45

	
$263,485.27

	
30

	
7/1/2015

	
$14,931.03

	
$1,976.14

	
$12,954.89

	
$250,530.38

	
31

	
8/1/2015

	
$14,931.03

	
$1,878.98

	
$13,052.05

	
$237,478.33

	
32

	
9/1/2015

	
$14,931.03

	
$1,781.09

	
$13,149.94

	
$224,328.39

	
33

	
10/1/2015

	
$14,931.03

	
$1,682.46

	
$13,248.56

	
$211,079.83

	
34

	
11/1/2015

	
$14,931.03

	
$1,583.10

	
$13,347.93

	
$197,731.90

 

  

6

  

 

	  	  	  	  	  	  
	  	
Date

	
Payment

	
Interest

	
Principal

	
Balance

	
35

	
12/1/2015

	
$14,931.03

	
$1,482.99

	
$13,448.04

	
$184,283.87

	
36

	
1/1/2016

	
$14,931.03

	
$1,382.13

	
$13,548.90

	
$170,734.97

	
37

	
2/1/2016

	
$14,931.03

	
$1,280.51

	
$13,650.51

	
$157,084.46

	
38

	
3/1/2016

	
$14,931.03

	
$1,178.13

	
$13,752.89

	
$143,331.57

	
39

	
4/1/2016

	
$14,931.03

	
$1,074.99

	
$13,856.04

	
$129,475.53

	
40

	
5/1/2016

	
$14,931.03

	
$971.07

	
$13,959.96

	
$115,515.57

	
41

	
6/1/2016

	
$14,931.03

	
$866.37

	
$14,064.66

	
$101,450.91

	
42

	
7/1/2016

	
$14,931.03

	
$760.88

	
$14,170.14

	
$87,280.77

	
43

	
8/1/2016

	
$14,931.03

	
$654.61

	
$14,276.42

	
$73,004.35

	
44

	
9/1/2016

	
$14,931.03

	
$547.53

	
$14,383.49

	
$58,620.85

	
45

	
10/1/2016

	
$14,931.03

	
$439.66

	
$14,491.37

	
$44,129.49

	
46

	
11/1/2016

	
$14,931.03

	
$330.97

	
$14,600.05

	
$29,529.43

	
47

	
12/1/2016

	
$14,931.03

	
$221.47

	
$14,709.55

	
$14,819.88

	
48

	
1/1/2017

	
$14,931.03

	
$111.15

	
$14,819.88

	
$0.00

 

 

 

  

7

  

 

EXHIBIT A

 

SECOND AMENDED AND RESTATED SECURITY AGREEMENT

 

This SECOND AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”) is dated as of July 23, 2012 and entered into between PokerTek, Inc., a North Carolina corporation (“Grantor”), and the entities set forth on the Schedule of Secured Parties attached hereto (each a “Secured Party” and collectively, the “Secured Parties”).

 

PRELIMINARY STATEMENTS

 

A.           Pursuant to the terms of that certain Second Loan Modification Agreement between Grantor and the Secured Parties (the “Modification Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), the Secured Parties and the Grantor have agreed to modify the terms of the Amended and Restated Note and Grantor has agreed to executed and deliver the Second Amended and Restated Note, a copy of which is annexed hereto as Exhibit B (the "Note"), which amends and restates in its entirety the Amended and Restated Note, which, in turn, amended and restated in its entirety the original promissory. This Agreement, the Modification Agreement, the Purchase Agreement (as defined in the Note) and the Note, and each of the other agreements and documents contemplated herein and therein, are herein referred to collectively as the “Loan Documents”).

 

B.            As a condition precedent to the execution of the Modification Agreement, the Secured Parties have required Grantor to agree to amend the original security agreement and as so amended to grant, and Grantor has agreed to grant, the Secured Parties a continuing security interest (subject to Permitted Liens (as hereinafter defined)) in and to the Collateral (as hereinafter defined) of Grantor to secure Grantor’s obligations to the Secured Parties under the Loan Documents.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the premises and in order to induce the Secured Parties to enter into the Loan Documents, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Grantor hereby agrees with the Secured Parties to amend and restate the Security Agreement dated as of June 2, 2011 in its entirety as follows.

 

SECTION 1. Grant of Security.

 

Grantor hereby assigns to the Secured Parties, and hereby grants to the Secured Parties, a security interest in, all of Grantor’s right, title and interest in and to all of those items set forth on Schedule A attached hereto and incorporated herein by reference (collectively, the “Collateral”), in each case whether now or hereafter existing, whether tangible or intangible, or in which Grantor now has or hereafter acquires an interest and wherever the same may be located.

 

SECTION 2. Security for Obligations.

 

This Agreement is given to secure the due and punctual payment of the principal of and interest on the Note (along with any penalties and/or adjustments to the amounts owed under the Note thereunder) and the due and punctual performance of all other obligations under the Loan Documents, together with any extensions and renewals of the foregoing obligations (collectively the “Secured Obligations”).

 

  

A-1

  

 

SECTION 3. Grantor Remains Liable.

 

Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any contracts and agreements included in the Collateral, to the extent set forth therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Secured Parties of any of their rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) except in the roles as officers and/or directors of the Grantor, the Secured Parties shall not have any obligation or liability under any contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Parties be obligated to perform any of the obligations or duties of Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

 

SECTION 4. Representations and Warranties; Covenants.

 

Grantor represents and warrants and covenants as follows:

 

(a)           Except for the security interest created by this Agreement, the Permitted Liens (as defined below) and the priority security interest of Silicon Valley Bank, Grantor owns the Collateral free and clear of any encumbrance. No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any filing or recording office.

 

For purposes of this Agreement, “Permitted Liens” means (i) any liens arising under this Security Agreement or any other Loan Documents; (ii) liens for taxes or other governmental charges not at the time delinquent or thereafter payable without penalty or being contested in good faith; (iii) materialmen’s, mechanics’, warehousemen’s, carriers’, repairmen’s, artisans’, landlords’ or other similar liens arising in the ordinary course of business or by operation of law; or (iv) easements, reservations, rights-of-law, restrictions, minor defects or irregularities in title and other similar charges or encumbrances affecting real property not having a material adverse effect on Grantor’s business or assets.

 

(b)           No authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body, or any person is required for the grant by Grantor of the security interest in the Collateral granted hereby or for the execution, delivery or performance of the Agreement by Grantor.

 

(c)           Grantor will not grant further security interests or allow the imposition of further liens on the Collateral other than encumbrances in favor of the Secured Parties and the Permitted Liens without the consent of the Secured Parties holding a majority of the Secured Obligations.

 

SECTION 5. Further Assurances.

 

(a)           Grantor agrees that from time to time, Grantor will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that the Secured Parties may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Secured Parties to exercise and enforce their rights and remedies hereunder with respect to any Collateral.

 

  

A-2

  

 

SECTION 6. Certain Covenants of Grantor.

 

Grantor shall:

 

(a)           not use or permit any Collateral to be used unlawfully or in material violation of any provision of this Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral;

 

(b)           notify the Secured Parties of any change in Grantor’s name, identity or corporate structure within 30 days of such change;

 

(c)           pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, services, materials and supplies) against, the Collateral, except to the extent the validity thereof is being contested in good faith; and

 

(d)           maintain sole physical custody of the only original of each lease or other item of chattel paper constituting Collateral.

 

SECTION 7. Events of Default.

 

Any one or more of the following shall constitute a default or event of default by Grantor hereunder (each, an “Event of Default”):

 

(a)           failure of Grantor to observe or perform any material obligation, covenant, condition or term of this Agreement, the Note, or any of the other Loan Documents; or

 

(b)           any warranty or representation made or furnished to the Secured Parties by or on behalf of Grantor in connection with this Agreement or any of the other Loan Documents proves to have been false or misleading in any material respect when made or furnished; or

 

(c)           any Event of Default under the Note.

 

  

A-3

  

 

SECTION 8. Attorney-in-Fact.

 

Each Secured Party hereby appoints Gehrig White as collateral agent (the “Collateral Agent”) for the purposes of perfecting the Secured Parties’ security interests hereunder and for the purposes set forth in this Section 8. Grantor does hereby irrevocably make, constitute and appoint the Collateral Agent on behalf of all of the Secured Parties as its true and lawful attorney-in-fact (the “Power of Attorney”), with full power and authority to do any and all acts necessary or proper to carry out the intent of this Agreement including, without limitation, the right, power and authority (a) to enforce all rights of Grantor under and pursuant to any agreements with respect to the Collateral, all for the sole benefit of the Secured Parties; (b) to enter into and perform such arrangements as may be necessary in order to carry out the terms, covenants and conditions of this Agreement that are required to be observed or performed by Grantor; (c) to execute such other and further mortgages, pledges and assignments of the Collateral as the Secured Parties may reasonably require for the purpose of perfecting, protecting or maintaining the security interest granted to the Secured Parties by this Agreement; and (d) to do any and all other things necessary or proper to carry out the intent of this Agreement, and Grantor hereby ratifies and confirms that the party reflected above as such attorney-in-fact or its substitutes does by virtue of this Power of Attorney, which power is coupled with an interest and is irrevocable, until Grantor has paid in full the Secured Obligations and this Agreement is terminated. The person or entity charged with the foregoing Power of Attorney may be changed by the written approval of a majority in interest of the Secured Parties and, upon written notice thereof to Grantor, Grantor shall be bound thereby; provided, however, that any such newly appointed Power of Attorney shall be selected from the Secured Parties party to this Security Agreement.

 

SECTION 9. Remedies.

 

If the occurrence of any Event of Default shall have occurred and be continuing, any of the Secured Parties acting on its own behalf, or the Collateral Agent acting on behalf of all of the Secured Parties may exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise available to them, all the rights and remedies of a secured party on default under the Uniform Commercial Code in the State of North Carolina (the “UCC”), and also may (a) require Grantor to, and Grantor hereby agrees that it will at its expense and upon request of any of the Secured Parties or upon the request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Secured Parties and make it available to the Secured Parties at a place to be designated by the Secured Parties that is reasonably convenient to both parties; (b) peacefully enter onto the property where any Collateral is located and take possession thereof with or without judicial process; (c) prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Secured Parties deem appropriate; (d) peacefully take possession of any Grantor’s premises or place custodians in exclusive control thereof, remain on such premises and use the same and any of Grantor’s equipment for the purpose of completing any work in process, taking any actions described in the preceding clause (c) and collecting any Secured Obligation; and (e) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Secured Parties’ offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Secured Parties may deem commercially reasonable. The Secured Parties may be the purchaser of any or all of the Collateral at any such sale and the Secured Parties shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any Collateral payable by the Secured Parties at such sale. Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Secured Parties shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Secured Parties may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.

 

  

A-4

  

 

It is understood that each Secured Party shall have the right to pursue any or all of the remedies available hereunder without approval of any other Secured Party, subject to the application of proceeds set forth in Section 10 below.

 

SECTION 10. Application of Proceeds.

 

All proceeds received by the Secured Parties in respect of any sale of, collection from, or other realization upon all or any part of the Collateral shall be applied in the following order of priority:

 

FIRST:           to the payment of all reasonable costs and expenses of such sale, collection or other realization, including reasonable compensation to the agents and counsel for the Secured Parties, and all other expenses, liabilities and advances made or incurred by the Secured Parties in connection therewith;

 

SECOND:      to the payment of all other Secured Obligations on a pro rata basis to each Secured Party based upon the amount of the Notes owned by each such Secured Party and, as to obligations arising under the Loan Documents, as provided in such agreements; and

 

THIRD:          any balance to Grantor.

 

SECTION 11. Continuing Security Interest; Transfer of Obligations; Termination.

 

This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until terminated in accordance with the provisions of this Section or as the parties may otherwise agree, (b) be binding upon Grantor and its respective successors and assigns, and (c) inure, together with the rights and remedies of the Secured Parties hereunder, to the benefit of the Secured Parties and their permitted successors, transferees and assigns. Grantor acknowledges and agrees that the number and amount of the Secured Obligations may fluctuate from time to time hereafter. Grantor expressly agrees that this Agreement and the security interest in the Collateral conveyed to the Secured Parties hereunder shall remain valid and in full force and effect, notwithstanding any such fluctuations and future payments. This Agreement shall terminate, and each Secured Party shall release its security interest in the Collateral (and shall execute any and all documents reasonably requested in connection with such release, which obligation shall survive such termination), upon the earlier of (a) payment in full by or on behalf of Grantor of all of the then outstanding Notes issued pursuant to the Purchase Agreement, or (b) mutual agreement.

 

SECTION 12. Amendments; Etc.

 

No amendment, modification, termination or waiver of any provision of this Agreement, and no consent to any departure by Grantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the holders of Notes representing a majority of the outstanding principal amount of the Loan and, in the case of any such amendment or modification, by Grantor. Any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. Notwithstanding anything to the contrary in this Section 12, the Company shall be entitled to include additional Secured Parties as parties to this Agreement pursuant to the addition of additional purchasers of Notes pursuant to the Purchase Agreement, and to treat such parties as “Secured Parties” hereunder, by amending the Schedule of Secured Parties attached hereto and providing such amended Schedule of Secured Parties to the other parties to this Agreement.

 

  

A-5

  

 

SECTION 13. Notices.

 

Any notice or other communication herein required or permitted to be given shall be in writing and shall be deemed to have been given to the address provided in and as determined pursuant to the Purchase Agreement.

 

SECTION 14. Failure or Indulgence Not Waiver; Remedies Cumulative.

 

No failure or delay on the part of any of the Secured Parties in the exercise of any power, right or privilege hereunder shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude any other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

SECTION 15. Severability.

 

In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.

 

SECTION 16. Headings.

 

Section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.

 

SECTION 17. Governing Law; Terms; Rules of Construction.

 

THIS AGREEMENT, THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER, AND ALL MATTERS ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NORTH CAROLINA, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES, EXCEPT TO THE EXTENT THAT THE UCC PROVIDES THAT THE PERFECTION OF THE SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NORTH CAROLINA.

 

SECTION 18. Counterparts.

 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.

 

[Remainder of page intentionally left blank]

 

  

A-6

  

 

 

IN WITNESS WHEREOF, Grantor and the Secured Parties have caused this Security Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.

 

	 	 	
Grantor:

	 	 	 
	  	 	
POKERTEK, INC.

	  	 	  	  
	  	 	
By:

	  
	  	 	
Name:

	
Mark Roberson

	  	 	
Title:

	
Chief Executive Officer

	
Secured Parties:

	 	  	  
	  	 	  	  
	  	 	  	  
	
Gehrig White

	 	  	  
	  	 	  	  
	  	 	  	  
	  	 	  	  
	
Arthur Lomax

	 	  	  

 

  

A-7

  

 

SCHEDULE OF SECURED PARTIES

 

	
 

 

	
 

Gehrig White

4620 Montibello Drive

Charlotte, NC 28226

	
 

  

	
 

Arthur Lomax

2468 Peniel Road

Tryon, NC 28782

 

 

  

A-8

  

 

SCHEDULE A

 

DESCRIPTION OF COLLATERAL

 

The Collateral consists of all of Grantor’s right, title and interest in and to the following electronic poker tables and to the associated equipment required to operate such tables as well as such of Grantor’s right and interest in and to the related software and associated software licenses as is necessary to operate the tables:

 

	
Serial Number

	
Location

	
106043

	
Carnival Victory

	
106044

	
Sapphire Princess

	
106046

	
Pacific Jewel

	
106047

	
Carnival Paradise

	
106048

	
Carnival Miracle

	
106049

	
Crown Princess

	
106054

	
Carnival Fascination

	
106060

	
Carnival Destiny

	
106061

	
Ruby Princess

	
106063

	
Queen Mary 2

	
106064

	
Carnival Spirit

	
106065

	
Carnival Conquest

	
106066

	
Carnival Pride

	
106067

	
Golden Princess

	
106069

	
Star Princess

	
106070

	
Carnival Legend

	
107093

	
Harrah's Cherokee

	
805003

	
Carnival Fantasy

	
805005

	
Carnival Imagination

	
805009

	
Carnival Sensation

	
805011

	
Nieuw Amsterdam

 

	
Serial Number

	
Location

	
805012

	
Oosterdam

	
805014

	
Sun Princess

	
805020

	
Carnival Elation

	
906010

	
Harrah's Cherokee

	
1105022

	
Carnival Valor

	
1105024

	
Caribbean Princess

	
1105025

	
Carnival Glory

	
1105027

	
Carnival Triumph

	
1105028

	
Emerald Princess

	
1105029

	
Coral Princess

	
1105033

	
Noordham

	
1105041

	
Diamond Princess

	
1206074

	
Harrah's Cherokee

	
8050010

	
Carnival Inspiration

	
P90189

	
Harrah's Cherokee

 

  

A-9

  

 

[to the Loan Modification Agreement and the Second Amended and Restated Security Agreement]

EXHIBIT B

 

SECURED PROMISSORY NOTE

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE. THIS NOTE MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS, OR THE AVAILABILITY OF AN EXEMPTION FROM THE REGISTRATION PROVISIONS OF THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS.

 

Original Issue Date:                                March 24, 2008

Date of Amended and Restated Note: May 16, 2011

Date of this Second Amended and Restated Note: July 23, 2012

 

SECOND AMENDED AND RESTATED

9% Secured Promissory Note

Due December 31, 2016

 

PokerTek, Inc.

 

$600,000

 

POKERTEK INC., a North Carolina corporation (the “Company”), for value received, hereby promises to pay to the order of Gehrig White and Arthur Lomax (each a “Holder” and, collectively, the “Holders”), collectively, and in the proportion set forth on Schedule A annexed hereto, in lawful money of the United States of America, at the address of the Holder set forth on Schedule A hereto, the principal amount of $600,000 (“Principal”), together with interest on the outstanding Principal from time to time, as set forth below.

 

1.           Interest Rate; Payments; and Maturity.

 

1.1         Interest Rate. Interest on the outstanding Principal shall accrue at the rate of 9% per annum and shall be payable monthly in arrears as set forth in Section 2.2 below.

 

1.2.        Payments.     The Company shall make the following cash payments to the Holders:

 

	
  

	
(i)

	
$4,438.36 on the first day of August, September, October, November and December 2012 and January 2013, representing the accrued interest on the Principal; and

 

	
  

	
(ii)

	
$14,931.03 on the first day of each month commencing on February 1, 2013 and ending on January 1, 2017, representing accrued interest and Principal in an amount sufficient to fully amortize the original Principal over such 48-month period.

 

If any payment hereunder, falls due on a Saturday, Sunday or a day that is a public holiday in the State of North Carolina, such payment hereunder, shall be made on the next succeeding business day.

 

  

B-1

  

 

In the event of a prepayment of Principal as set forth in Section 2 hereof, the payments set forth in paragraphs (i) and (ii) of this this subsection 1.2 shall be recalculated so that the payment under paragraph (i) shall represent the accrued interest on the outstanding Principal after taking into account such prepayment and the payment under paragraph (ii) shall be recalculated to the amount necessary to fully amortize the outstanding Principal (after taking into account such prepayment) over the remaining term of this Note.

 

1.3         Maturity Date. The entire Principal and all accrued and unpaid interest thereon shall be due and payable on December 31, 2016.

 

2.           Prepayment. All unpaid Principal and unpaid accrued interest of this Note may be prepaid, in whole or in part, at any time in the discretion of the Company without any prepayment penalty or charge. Any prepayment of this Note will be credited first against accrued interest, then Principal. Upon payment in full of the amount of all Principal and interest payable hereunder, this Note shall be surrendered to the Company for cancellation.

 

3.           Notices. Any notice, other communication or payment required or permitted hereunder shall be given in writing and shall be deemed effectively given as provided in the Purchase Agreement.

 

4.           Defaults and Remedies.

 

4.1           Events of Default. An “Event of Default” shall occur hereunder if:

 

	
(i)

	
the Company shall default in the payment of any interest or Principal on this Note, when and as the same shall become due and payable (and such default is not cured within 15 business days); or

 

	
(ii)

	
the Company shall default in the due observance or performance of any covenant, representation, warranty, condition or agreement on the part of the Company to be observed or performed pursuant to the terms hereof or pursuant to the terms of the Purchase Agreement or Security Agreement, and such default is not remedied or waived within the time periods permitted therein, or if no cure period is provided therein, within thirty (30) days after the Company receives notice of such default; or

 

	
(iii)

	
any representation, warranty, certification or statement made by or on behalf of the Company in the Purchase Agreement or Security Agreement shall have been incorrect in any material respect when made; or

 

	
(iv)

	
if the Company shall commence any proceeding in bankruptcy or for dissolution, liquidation, winding-up, composition or other relief under state or federal bankruptcy laws; or

 

	
(v)

	
if such proceedings are commenced against the Company, or a receiver or trustee is appointed for the Company or a substantial part of its property, and such proceeding or appointment is not dismissed or discharged within sixty (60) days after its commencement.

 

  

B-2

  

 

4.2           Acceleration. If an Event of Default occurs under Section 4.1(iv) or (v), or the Company enters into a Change in Control Transaction (as defined below), then the outstanding Principal of and accrued and unpaid interest on this Note shall automatically become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are expressly waived. If any other Event of Default occurs and is continuing, the Holder, by written notice to the Company, may declare the Principal of and interest on this Note to be due and payable immediately. Upon any such declaration of acceleration, the Maturity Date shall be deemed to be the date of such acceleration and such Principal and interest shall become immediately due and payable and the Holder shall be entitled to exercise all of its rights and remedies hereunder and under the Purchase Agreement and Security Agreement whether at law or in equity. The failure of the Holders to declare the Note due and payable shall not be a waiver of their right to do so, and the Holders shall retain the right to declare the Note due and payable unless they shall execute a written waiver. For the purpose of this Section 4.2, a “Change of Control Transaction” means the occurrence of any of (i) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(l) promulgated under the Securities Exchange Act of 1934, as amended) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 50% of the voting securities of the Company, or (ii) a change in the majority of the Board of Directors of the Company within a 24-month period unless the nomination for election by the Company’s shareholders of each new Director was approved by the vote of two-thirds of the members of the Board (or a committee of the Board, if nominations are approved by a Board committee rather than the Board) then still in office who were in office on the date hereof, or (iii) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth above in (i) or (ii).

 

5.           Waiver of Notice of Presentment. The Company hereby waives presentment, demand for performance, notice of non-performance, protest, notice of protest and notice of dishonor. No delay on the part of Holders in exercising any right hereunder shall operate as a waiver of such right or any other right.

 

6.           Non-Waiver. The failure of the Holders to enforce or exercise any right or remedy provided in this Note or at law or in equity upon any default or breach shall not be construed as waiving the rights to enforce or exercise such or any other right or remedy at any later date. No exercise of the rights and powers granted in or held pursuant to this Note by the Holders, and no delays or omissions in the exercise of such rights and powers shall be held to exhaust the same or be construed as a waiver thereof, and every such right and power may be exercised at any time and from time to time.

 

7.           Governing Law. This Note is being delivered in and shall be construed in accordance with the laws of the State of North Carolina, without regard to the conflicts of laws or choice of law provisions thereof.

 

8.           Amendment. Any term of this Note may be amended only with the written consent of the Company and at least three-quarters (3/4) in interest of the Holders. Any amendment or waiver effected in accordance with this Section 8 shall be binding upon each individual Holder, each future holder and the Company, and the Company shall promptly give notice to all the Holders of any amendment or waiver effected in accordance with this Section 8.

 

9.           Note Purchase Agreement. This Note was originally issued pursuant to, and it is subject to the terms of the Note Purchase Agreement, dated as of March 21, 2008, between the Company and the Holders (the "Note Purchase Agreement"). In the event of any conflict between this Note and the Note Purchase Agreement, the terms of this Note will control.

 

10.           Second Amended and Restated Security Agreement. The obligations of the Company evidenced by this Note are secured by the assets of the Company defined as “Collateral” in the Second Amended and Restated Security Agreement dated as of July 27, 2012, (the "Security Agreement"), which shall serve as collateral security for the repayment of the Principal and the payment of the accrued interest thereon.

 

 

[THE NEXT PAGE IS THE SIGNATURE PAGE]

 

  

B-3

  

 

This Amended and Restated Note is hereby issued by the Company as of July 23, 2012.

 

 

	 	 	 
	  	 	

PokerTek, Inc.

	  	 	  	  
	  	 	
By:

	  
	  	 	
Name:

	
Mark Roberson

	  	 	
Title:

	
Chief Executive Officer

	
 

	 	  	  
	  	 	  	  
	  	 	  	  
	
Gehrig White

	 	  	  
	  	 	  	  
	  	 	  	  
	  	 	  	  
	
Arthur Lomax

	 	  	  

 

  

B-4

  

 

SCHEDULE A

 

 

 

	
INDIVIDUAL HOLDER

	  	
PROPORTION

	  	  	  
	  	  	  
	  	  	  
	
Gehrig White

	  	
50%

	
4620 Montibello Drive

	  	  
	
Charlotte, NC 28226

	  	  
	  	  	  
	
Arthur Lomax

	  	
50%

	
2468 Peniel Road

	  	  
	
Tryon, NC 28782

	  	  

 

 

B-5

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