Document:

Escrow Agreement

 Exhibit 10.10 
 ESCROW AGREEMENT 
 THIS AGREEMENT is made this 31st day of March, 2008, by and among THORNBURG
MORTGAGE, INC., a Maryland corporation (the “Company”), each of the undersigned Subscribers (the “Subscribers”), and WILMINGTON TRUST COMPANY (“Escrow Agent”). 
 WHEREAS, pursuant to the terms of the Purchase Agreement, dated as of March 31, 2008 (the “Purchase Agreement” attached hereto as Exhibit
A; capitalized terms used herein without definition shall have the meanings given in the Purchase Agreement) by and among the Company, MP TMA LLC, MP TMA (Cayman) LLC and TMA Ltd. (collectively, “MatlinPatterson”) and each Subscriber, each
Subscriber and MatlinPatterson will purchase, and the Company will sell, upon the terms and conditions set forth in the Purchase Agreement, on the Closing Date, that aggregate (i) number of Notes, (ii) number of Initial Warrants and
(iii) amount of Participation, set forth therein (which aggregate amount for all Subscribers and MatlinPatterson together as of the Closing Date shall be $1,150,000,000.00); 
 WHEREAS, one Subscriber shall deposit $11,428,571.00 (the “Custody Amount”) with State Street Bank and Trust Company as custodian (the
“Custodian”) and designated for release only in accordance with Section III(a) hereof upon notice to the Custodian by the Escrow Agent and each other Subscriber shall deposit with the Escrow Agent on the Closing Date its respective Escrow
Amounts set forth on its signature page hereto (each, an “Escrow Amount” and, collectively, the “Escrow Amounts”) (which aggregate Escrow Amounts and Custody Amount for all Subscribers together shall be $200,000,000); and

 WHEREAS, the Company shall deposit the Escrow Warrants with the Escrow Agent on the Closing Date, on behalf of the Subscribers, as further
enumerated and described on its signature page hereto. 
 NOW, THEREFORE, in consideration of the premises, and further consideration
of the covenants set forth hereafter, it is hereby agreed mutually as follows: 
  

	I.	Designation as Escrow Agent. 

 Subject to the terms and conditions hereof, the Company and each of the Subscribers hereby appoint Wilmington Trust Company as Escrow Agent and Wilmington Trust Company hereby accepts such appointment. 
  

	II.	Deposit of Escrow Funds. 

 (a) Upon
execution of this Escrow Agreement, one Subscriber shall deposit the Custody Amount with the Custodian and such Custody Amount shall be designated for release only in accordance with Section III(a) hereof upon notice to the Custodian by the Escrow
Agent and each other Subscriber shall deposit their respective Escrow Amount into an account (the “Escrow Account”) established with Escrow Agent. 
 (b) Escrow Agent will hold the initial deposits and all subsequent deposits in the Escrow Account, together with all investments thereof and all interest accumulated thereon and proceeds therefrom, in escrow upon the
terms and conditions set forth in this Escrow Agreement and shall not disburse funds from the Escrow Account except as provided herein. 
  

 (c) Escrow Agent shall invest the Escrow Account in Escrow Investments (as defined herein) as directed in
writing from time to time by the Company. Any such Escrow Investments will constitute Escrow Amounts. The Escrow Agent will liquidate any such Escrow Investments pursuant to the terms set forth in Section III herein. 
 “Escrow Investments” means (i) Treasury Securities (as defined below), (ii) investments in time deposit accounts, certificates of
deposit and money market deposits maturing no later than June 30, 2008, in each case, entitled to U.S. Federal deposit insurance for the full amount thereof or issued by a bank (within the meaning of Section 3(a)(2) of the Securities Act
of 1933, as interpreted by the staff of the Securities and Exchange Commission) or trust company (including the Escrow Agent or an affiliate of the Escrow Agent) which is organized under the laws of the United States of America or any State thereof
having capital, surplus and undivided profits aggregating in excess of $500,000,000, (iii) marketable debt securities, rated Aaa by Moody’s Investor’s Service, Inc. and/or AAA by Standard & Poor’s Rating Services, issued
by U. S. Government-sponsored enterprises, U. S. Federal agencies, U.S. Federal financing banks, and international institutions whose capital stock has been subscribed for by the United States, and (iv) investments in commercial paper maturing
no later than June 30, 2008 and having, at the date of acquisition, a rating no lower than A-1 from Standard & Poor’s Ratings Service, P-1 from Moody’s Investors Service, Inc. or F-1 from Fitch Ratings Ltd. 
 “Treasury Securities” means any investment in obligations issued or guaranteed by the United States government and supported by the full faith
and credit of the U.S. Treasury, either by statute or an opinion of the Attorney General of the United States, in each case, maturing no later than June 30, 2008. 
 It is hereby acknowledged by Subscribers and the Company that any Escrow Investments selected by the Company in the U.S. Government Portfolio (Service Class shares) of the Wilmington family of mutual funds or any
other mutual funds for which Escrow Agent or any affiliate of Escrow Agent may serve as investment advisor or other service provider are not obligations of Wilmington Trust Company or Wilmington Trust Corporation, are not deposits and are not
insured by the FDIC. Escrow Agent or its affiliate may be compensated by the mutual fund for services rendered in its capacity as investment advisor, or other service provider, such as provider of shareholder servicing and distribution services, and
such compensation is both described in detail in the prospectus for the fund, and is in addition to the compensation, if any, paid to Wilmington Trust Company in its capacity as Escrow Agent hereunder. The Escrow Agent shall not be accountable or
liable for any losses resulting from the sale or depreciation in the market value of such investments. 
  

	III.	Disbursement of Escrow Account. 

 (a) The
Escrow Agent shall distribute funds from the Escrow Account to the Company and notify the Custodian to release the Custody Amount to the Company to satisfy the Second Closing Note Payments (provided, however, that all interest or other investment
income earned on the Escrow Amount shall be remitted on a pro-rata basis to the Subscribers who deposited portions of the Escrow Account based on their initial deposit of Escrow Amount pursuant to Section 3(b) hereof), on the date which is the
earliest of: 
 (i) the date of the Escrow Agent’s receipt of opinions of counsel to the Company for each of clause (A) and
(B) below, certified by the Chief Executive Officer of the Company in a written certificate directing the disposition of all or a portion of the Escrow Amounts and Custody Amount to the Company; 
  

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 (A) An opinion of counsel to the Company that the Company has validly accepted for purchase the number
of issued and outstanding shares of Preferred Stock of the Company sufficient in number, percentages of respective classes of preferred stock and purchase price to satisfy the condition precedent to the Second Closing set forth in
Section 6.2(ii) of the Purchase Agreement, but for payment of the Tender Offer Cash Payment (as such condition may have at that time been amended with the consent of the Majority Participants pursuant to the terms of the Purchase Agreement);
and 
 (B) An opinion of Maryland counsel to the Company that the holders of record of shares of capital stock of the Company have approved
an amendment or amendments to the Articles by June 15, 2008 (or such later date consented to in writing by the Majority Participants pursuant to the terms of the Purchase Agreement but not later than June 30, 2008) to increase the number
of authorized shares of Common Stock of the Company to at least 4,000,000,000 shares of Common Stock and the increase in authorized shares of capital stock of the Company is effective. 
 (ii) the date of the Escrow Agent’s receipt of joint written instructions from the Company and each of the Subscribers directing the disposition of
the Escrow Amounts; or 
 (iii) the date of the Escrow Agent’s receipt of a final, non-appealable judgment, order or ruling of a court
or other governmental authority directing the disposition of the Escrow Amounts; 
 provided, however, that (A) if none of clauses
(i) through (iii) of this Section 3(a) have been satisfied or (B) if Escrow Amounts remain in the Escrow Account following a distribution or distributions pursuant to clauses (i) through (iii), on June 30, 2008, then
the respective Escrow Amounts from the Escrow Account shall be distributed by the Escrow Agent to the Subscribers on a pro-rata basis based on their initial deposit of Escrow Amount. Upon distribution of funds from the Escrow Account to the Company
in accordance with Section III(a) hereof, the Escrow Agent shall promptly provide notice of such distribution to the Custodian in writing at the address specified to the Escrow Agent. It is further understood and agreed that, unless and until funds
are distributed to the Company in strict accordance with this Agreement, no amount of the Escrow Account or the Custody Amount shall be considered assets of the Company. 
 (b) Notwithstanding the foregoing, all interest and investment earnings on the Escrow Account as of each calendar month, shall be paid on a pro-rata basis to the Subscribers based on their initial deposit of Escrow
Amount as soon as reasonably practicable following the end of the related calendar month. 
 (c) Following the release and distribution of
all the Escrow Amounts in accordance with the provisions of Section 3 hereof, this Agreement shall terminate and be of no further force or effect except for the provisions of Section 4 hereof, which shall survive such termination.

 (d) Notwithstanding anything contained herein to the contrary, in the event funds transfer instructions are given, whether in writing, by
telecopier or otherwise, Escrow Agent is authorized (but not required) to seek confirmation of such instructions by telephone call-back, and the Escrow Agent may rely upon the confirmations of anyone purporting to be the person or persons designated
in the instructions. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. The parties to this Escrow Agreement acknowledge that such security procedure is
commercially reasonable. Escrow Agent may disburse the Escrow Account pursuant to this Section III, either by wire transfer or certified or bank check in accordance with the wire instructions or contact information set forth in the Subscribers’
respective signature pages, at the sole discretion of the Escrow Agent. It is understood, however, that the Escrow Agent may disburse any funds in the Escrow Account without any separate instructions, if such disbursements are in accordance with the
terms of this Escrow Agreement. 
  

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	IV.	Authority of Escrow Agent and Limitation of Liability. 

 (a) In acting hereunder, Escrow Agent shall have only such duties as are specified herein and no implied duties shall be read into this Agreement, and Escrow Agent shall not be liable for any act done, or omitted to
be done, by it in the absence of its gross negligence or willful misconduct. 
 (b) Escrow Agent may act in reliance upon any writing or
instrument or signature which it, in good faith, believes to be genuine, and may assume the validity and accuracy of any statement or assertion contained in such a writing or instrument and may assume that any person purporting to give any writing,
notice, advice or instruction in connection with the provisions hereof has been duly authorized to do so. 
 (c) Escrow Agent shall be
entitled to consult with legal counsel in the event that a question or dispute arises with regard to the construction of any of the provisions hereof, and shall incur no liability and shall be fully protected in acting in accordance with the advice
or opinion of such counsel. 
 (d) Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or
duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which
it deems, in its sole and absolute discretion, to be satisfactory. 
 (e) Company shall pay to Escrow Agent compensation for its services
hereunder (including ascustodian of the Warrants per Section V hereof) in the amount of $10,000 per annum, plus reasonable fees and expenses of its counsel. In the event Escrow Agent renders any extraordinary services in connection with the escrow
account at the request of the parties, Escrow Agent shall be entitled to additional compensation therefor. Escrow Agent shall have a first lien against the Escrow Account to secure the obligations of Company and Subscribers hereunder. The terms of
this paragraph shall survive termination of this Agreement. 
 (f) Company and Subscribers hereby agree, jointly and severally, to indemnify
Escrow Agent, its directors, officers, employees and agents (collectively, the “Indemnified Parties”), and hold the Indemnified Parties harmless from any and against all liabilities, losses, actions, suits or proceedings at law or in
equity, and any other expenses, fees or charges of any character or nature, including, without limitation, attorney’s fees and expenses, which an Indemnified Party may incur or with which it may be threatened by reason of acting as or on behalf
of Escrow Agent under this Agreement or arising out of the existence of the Escrow Account, except to the extent the same shall be caused by Escrow Agent’s gross negligence or willful misconduct. Escrow Agent shall have a first lien against the
Escrow Account to secure the obligations of the parties hereunder. The terms of this paragraph shall survive termination of this Agreement. 
 (g) In the event Escrow Agent receives conflicting instructions hereunder, Escrow Agent shall be fully protected in refraining from acting until such conflict is resolved to the satisfaction of Escrow Agent. 
 (h) Escrow Agent may resign as Escrow Agent, and, upon its resignation, shall thereupon be discharged from any and all further duties and obligations
under this Agreement by giving notice in writing of such resignation to Company and Subscribers, which notice shall specify a date upon which such resignation shall take effect. Upon the resignation of Escrow Agent, Company and Subscribers shall, on
or before the thirtieth (30th) Business Day following receipt of the foregoing notice from Escrow Agent, 

  

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designate a substitute escrow agent (the “Substitute Escrow Agent”), which Substitute Escrow Agent shall, upon its designation and notice of such
designation to Escrow Agent, succeed to all of the rights, duties and obligations of Escrow Agent hereunder. In the event Company and Subscribers shall not have delivered to Escrow Agent a written designation of Substitute Escrow Agent within the
aforementioned thirty (30) day period, together with the consent to such designation by the Substitute Escrow Agent, the Escrow Agent may apply to a court of competent jurisdiction to appoint a Substitute Escrow Agent, and the costs of
obtaining such appointment shall be reimbursable from Company and Subscribers and from the Escrow Account. 
 (i) The parties hereto agree
that should any dispute arise with respect to the payment, ownership or right of possession of the Escrow Account, the Escrow Agent is authorized and directed to retain in its possession, without liability to anyone, except for its bad faith,
willful misconduct or gross negligence, as determined by a court of competent jurisdiction in a final and non-appealable decision, all or any part of such Escrow Account until such dispute shall have been settled either by mutual agreement by the
parties concerned or by the final order, decree or judgment of a court of competent jurisdiction and a notice executed by the parties to the dispute or their authorized representatives shall have been delivered to the Escrow Agent setting forth the
resolution of the dispute, which notice Company and Subscribers hereby agree to so execute and deliver to the Escrow Agent in the event that such an order, decree or judgment is obtained from or issued by a court of competent jurisdiction. The
Escrow Agent shall be under no duty whatsoever to institute or defend in such proceedings. 
 V. Custodian for Escrow Warrants. 
 Escrow Agent accepts its appointment as custodian for the Escrow Warrants and agrees to perform the following duties relating to the custody and care of
the Escrow Warrants: 
 (a) The Escrow Agent shall (i) maintain the Escrow Warrants in secure facilities in accordance with customary
and prudent standards for such custody, (ii) maintain accurate records pertaining to the Escrow Warrants as will enable the Escrow Agent and the Company to comply with the terms and conditions of this Agreement and (iii) maintain at all
times a current inventory thereof in such manner as shall enable the Company and the Escrow Agent to verify the accuracy of such record-keeping, inventory and physical possession. The Escrow Agent will promptly report to the Company, the Subscribers
and MatlinPatterson any failure on its part to hold the Escrow Warrants as herein provided and shall promptly take appropriate action to remedy any such failure. 
 (b) On or before the third (3rd) Business Day following a disbursement of the Escrow Account pursuant to Section 3(a) hereof, the Escrow Agent shall deliver the Escrow Warrants to the Company. The Company
will deliver the Escrow Warrants or reissue replacement warrants, as applicable, to the respective Subscribers and MatlinPatterson, as applicable, in the proper amounts as determined in the Purchase Agreement. The Escrow Agent shall have no duties
or obligations and no liability with respect to the Escrow Warrants so released to the Company or the Subscribers and MatlinPatterson, as applicable, for any period of time so released to the Company. All reasonable, out of pocket costs incurred
under this Section shall be borne by the Company. 
 VI. Notices. 
 Except as otherwise provided herein, any notice, instruction or instrument to be delivered hereunder shall be in writing and shall be effective upon
receipt at the addresses set forth on the signature page hereof or at such other address specified in writing by the addressee, or if to the Escrow Agent, upon receipt via facsimile or telecopier transmission, at the number set forth on the
signature page hereof, or at such other number specified by Escrow Agent. 
  

 5 

 VII. Amendment. 
 This Escrow Agreement may not be amended, modified, supplemented or otherwise altered except by an instrument in writing signed by the parties hereto. 
 VIII. Termination. 
 This Agreement will terminate upon the disbursement of all funds in the
Escrow Account, as provided above, by the Escrow Agent. 
 IX. Tax Reporting. 
 The parties hereto, other than the Escrow Agent, agree that, for tax reporting purposes, all interest and other income earned from the investment of
amounts in the Escrow Account (“Taxable Income”) in any tax year shall be allocated 100% to the Subscribers (each a “Taxpayer”) in proportion to their respective contributions to the Escrow Account. Upon execution of this Escrow
Agreement, each Taxpayer shall provide Escrow Agent with its certified tax identification number (“TIN”) on an executed Internal Revenue Service Form (“IRS”) W-9 or other applicable IRS Form. Each Taxpayer agrees to report all
Taxable Income allocable to it on its federal and other applicable tax returns. Each Taxpayer acknowledges and agrees that, in the event its TIN is not certified to the Escrow Agent, and/or it does not make all certifications set forth in IRS Form
W-9 or other applicable IRS Form, applicable tax laws may require withholding of a portion of any income earned with respect to amounts in the Escrow Account that are allocable to it. 
 X. Anti-Terrorism/Anti-Money Laundering Laws. 
 IMPORTANT INFORMATION ABOUT PROCEDURES FOR
OPENING A NEW ACCOUNT—To help the United States government fight the funding of terrorism or money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who
opens a new account. What this means for the parties to this Agreement: the Escrow Agent will ask for your name, address, date of birth, and other information that will allow the Escrow Agent to identify you (e.g., your social security number
or tax identification number.) The Escrow Agent may also ask to see your driver’s license or other identifying documents (e.g., passport, evidence of formation of corporation, limited liability company, limited partnership, etc.,
certificate of good standing.) 
 Each party to this Agreement hereby agrees to provide the Escrow Agent, prior to the establishment of the
Escrow Account, with the information identified above pertaining to it by completing the form attached as Exhibit B and returning it to the Escrow Agent. Exhibit B includes one form for individuals and another form for entities. 
 XI. Governing Law. 
 This is a Delaware
contract and shall be governed by Delaware law in all respects. 
 XII. Counterparts. 
 This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, and such counterparts
together shall constitute and be one and the same instrument. 
  

 6 

 [This space is intentionally left blank.] 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have caused their names to be hereto subscribed by their
respective Presidents or Vice Presidents as of the day and year first above written. 
  

									
	 THORNBURG MORTGAGE, INC.,
 as
Company
	 		 	 WILMINGTON TRUST COMPANY,
 Escrow Agent

					
	By:	 	/s/ Larry A. Goldstone	 		 	By:	 	/s/ Michael G. Oller
	Title:	 	President & Chief Executive Officer	 		 	Title:	 	Senior Financial Services Officer
	Address:	 		 		 	Address:	 	
	 	 		 	1100 North Market Street
	 	 		 	Wilmington, Delaware 19890
	 	 		 		 	
	Fax No.:	 	 	 		 	Fax No.:	 	(302) ___-________
	Tel. No.:	 	 	 		 	Tel. No.:	 	(302) 636-________
	Attention:	 	 	 		 	Attention:	 	 

 Escrow Agreement 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have caused their names to be hereto subscribed by their

 respective Presidents or Vice Presidents as of the day and year first above written. 
  

									
	 	 	,            $	 	 	 	(Escrow Amount/Custody Amount)
	as Subscriber	 		 		 	
				
	By:	 	 	 		 	[Description of Warrants for this Subscriber]
	Title:	 		 		 		 	
					
	 Address:
	 		 		 		 	
				
	 	 		 		 	
	 	 		 		 	
	 	 		 		 	
	Fax No.:	 	 	 		 		 	
	Tel. No.:	 	 	 		 		 	
	Attention:	 	 	 		 		 	
				
	Wire Instructions:	 		 		 	
				
	 	 		 		 	
	 	 		 		 	
	 	 		 		 	
	 	 		 		 	
	 	 		 		 	
	 	 		 		 	

 Escrow Agreement 
  

 9 

 EXHIBIT A 
 Purchase Agreement, dated as of March 31, 2008 
  

 10 

 

 
 EXHIBIT B 
 Due Diligence Questionnaire for Entity Customers 
 Dear Customer: 
 IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT 
 To help
the government fight the funding of terrorism or money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a new account. What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. 
 Please complete the items identified and sign below. In certain circumstances, we may be required to request additional information. Thank you for your cooperation in
this matter. 
  

			
	 Company Name:
	 	 

  

					
	 SSN/TIN*:
	 	 	 	

  

			
	 Street Address**:
	 	 

  

											
	 City:
	 	 	  	State:	  	 	  	Zip Code:	  	 

  

											
	 Phone (Optional):
	 	 	  	Fax (Optional):	  	 	  	eMail (Optional):	  	 

 *If SSN/TIN has been applied for please attach copy of filed application

 ** Business street address, address for the principal place of business, local office or other physical location,

 P.O. Box address is not acceptable 
 Required documents from non-individuals: 
 Please provide the following executed document:

 Completed IRS Form W-9/W-8 (form attached) 
 Please provide at least one (1) of the following certified documents: 
 Certificate or Articles of Incorporation 
 Government-issued business license 
 Partnership Agreement 
 LLC Agreement 
 Trust Agreement 
 Certificate of Good Standing (issued within the last six months) 
  

							
	 	 		 	 	  	
	Signature                                    
                                       
 	 		 	Date                            	  	

 EXHIBIT B (Cont’d) 
 Due Diligence Questionnaire for Individual Customers 
 Dear Customer: 
 IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT 
 To help
the government fight the funding of terrorism or money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a new account. What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. 
 Please complete the items identified and sign below. In certain circumstances, we may be required to request additional information. Thank you for your cooperation in
this matter. 
  

			
	 Your Name:
	 	 

  

							
	 SSN/TIN*:
	 	 	 	 Date of Birth (Individuals):
	 	 

  

			
	 Street Address (individual’s residential address**):
	 	 

  

											
	 City:
	 	 	  	State:	  	 	  	Zip Code:	  	 

  

											
	 Phone (Optional):
	 	 	  	Fax (Optional):	  	 	  	eMail (Optional):	  	 

 * If SSN/TIN has been applied for please attach copy of filed application

 ** P.O. Box address is not acceptable 
 Required documents from individuals: 
 Please provide the following executed
document: 
 Completed IRS Form W-9/W-8 (form attached) 
 Copy of at least one (1) of the following documents: 

							
	1) Driver License (Photo ID):	  	2) Passport:
	State/Country of Issuance:	  	 	  	Country of Issuance:	  	 
	License Number:	  	 	  	Issuance Date:	  	 
	Issuance Date:	  	 	  	Passport Number:	  	 
	Expiration Date:	  	 	  	Expiration Date:	  	 
			
	3) Government Issued ID Card (Photo ID):	  		  	
	State/Country of Issuance:	  	 	  		  	
	ID Number:	  	 	  		  	
	Issuance Date:	  	 	  		  	
	Expiration Date:	  	 	  		  	

  

							
	 	 		 	 	  	
	Signature                                    
                                       
 	 		 	Date                            	  	

 Revised: January 9, 2007/Due Diligence Form 

 Print or type 
 See Specific Instructions on page 2. 
  

					
			
	 Form W-9
 (Rev. November 2005)
 Department of the Treasury
 Internal Revenue Service
	  	 Request for Taxpayer
 Identification Number and Certification
	 	 Give form to the requester. Do not
send to the IRS.

 Name (as shown on your income tax return) 

	 	

 Business name, if different from above 

	 	

																					
	    
Check appropriate box:	 	 ̈
	 	 Individual/
 Sole proprietor
	 	 ̈
	 	Corporation	 	 ̈
	 	Partnership    	 	 ̈
	 	Other  u                     	  	 ̈
	 	 Exempt from
 backup withholding

	 	

 Address (number, street, and apt. or suite no.) 
 Requester’s name and address (optional) 

	 	

 City, state, and ZIP code 

	 	

 List account number(s) here (optional) 
  

			
	Part I	  	Taxpayer Identification Number (TIN)

																			
	  
 Enter your TIN in the appropriate box. The TIN provided must match the name
given on Line 1 to avoid backup withholding. For individuals, this is your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other entities, it is your
employer identification number (EIN). If you do not have a number, see How to get a TIN on page 3.
  
 Note. If the account is in more than one name, see the chart on page 4 for guidelines on whose number to enter.
	 		 		 		 		 		 		 		 		 	
	 	 Social security number

	 	 	 	 	 	–	 	 	 	–	 	 	 	 	 	 	 	 
	 	or
	 	 Employer identification number

	 	 	 	–	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	Part II	  	Certification

 Under penalties of perjury, I certify that: 
  

	1.	 	The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and 

  

	2.	 	I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup
withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and 

  

	3.	 	I am a U.S. person (including a U.S. resident alien). 

 Certification instructions. You
must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not
apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to
sign the Certification, but you must provide your correct TIN. (See the instructions on page 4.) 
  

					
	Sign
Here	  	Signature of
U.S. person  u	    	Date  u

 
 Purpose of Form 
 A person who is required to file an information return with the IRS, must
obtain your correct taxpayer identification number (TIN) to report, for example, income paid to you, real estate transactions, mortgage interest you paid, acquisition or abandonment of secured property, cancellation of debt, or contributions you
made to an IRA. 
 U.S. person. Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN to the person requesting it
(the requester) and, when applicable, to: 
 1. Certify that the TIN you are giving is correct (or you are waiting for a number to be issued),

 2. Certify that you are not subject to backup withholding, or 
 3. Claim exemption from backup withholding if you are a U.S. exempt payee. 
 In 3 above, if applicable, you are also certifying
that as a U.S. person, your allocable share of any partnership income from a U.S. trade or business is not subject to the withholding tax on foreign partners’ share of effectively connected income. 
  

 Note. If a requester gives you a form other than Form W-9 to request your TIN, you must use the requester’s form if it is substantially similar to this Form W-9. 
 For federal tax purposes, you are considered a person if you are: 
 — An individual who is a citizen or resident of the United States, 
 — A partnership, corporation, company, or association created or organized in the United States or under the
laws of the United States, or 
 — Any estate
(other than a foreign estate) or trust. See Regulations sections 301.7701-6(a) and 7(a) for additional information. 
 Special rules for partnerships.
Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax on any foreign partners’ share of income from such business. Further, in certain cases where a Form W-9 has not been received, a
partnership is required to presume that a partner is a foreign person, and pay the withholding tax. Therefore, if you are a U.S. person that is a partner in a partnership conducting a trade or business in the United States, provide Form W-9 to the
partnership to establish your U.S. status and avoid withholding on your share of partnership income. 

  

  

	 Cat. No. 10231X 
	 Form W-9 (Rev. 11-2005)

	 Form W-9 (Rev. 11-2005) 
	 Page 2 

  
  
 
The person who gives Form W-9 to the partnership for purposes of establishing its U.S. status and avoiding withholding on its allocable share of net income from the
partnership conducting a trade or business in the United States is in the following cases: 
 — The U.S. owner of a disregarded entity and not the entity, 
 — The U.S. grantor or other owner of a grantor trust and not the trust, and 
 — The U.S. trust (other than a grantor trust) and not the beneficiaries of the trust. 
 Foreign person. If you are a foreign person, do not use Form W-9. Instead, use the appropriate Form W-8 (see Publication 515, Withholding of Tax on Nonresident Aliens and
Foreign Entities). 
 Nonresident alien who becomes a resident alien. 
 Generally, only a nonresident alien individual may use the terms of a tax treaty to reduce or eliminate U.S. tax on certain types of income. However, most tax treaties contain a provision known as a “saving clause.” Exceptions
specified in the saving clause may permit an exemption from tax to continue for certain types of income even after the recipient has otherwise become a U.S. resident alien for tax purposes. 
 If you are a U.S. resident alien who is relying on an exception contained in the saving clause of a tax treaty to claim an exemption from U.S. tax on certain types
of income, you must attach a statement to Form W-9 that specifies the following five items: 
 1. The treaty country. Generally, this must be the same
treaty under which you claimed exemption from tax as a nonresident alien. 
 2. The treaty article addressing the income. 
 3. The article number (or location) in the tax treaty that contains the saving clause and its exceptions. 
 4. The type and amount of income that qualifies for the exemption from tax. 
 5. Sufficient facts to justify the exemption from tax under the terms of the treaty article. 
 Example. Article 20
of the U.S.-China income tax treaty allows an exemption from tax for scholarship income received by a Chinese student temporarily present in the United States. Under U.S. law, this student will become a resident alien for tax purposes if his or her
stay in the United States exceeds 5 calendar years. However, paragraph 2 of the first Protocol to the U.S.-China treaty (dated April 30, 1984) allows the provisions of Article 20 to continue to apply even after the Chinese student becomes a resident
alien of the United States. A Chinese student who qualifies for this exception (under paragraph 2 of the first protocol) and is relying on this exception to claim an exemption from tax on his or her scholarship or fellowship income would attach to
Form W-9 a statement that includes the information described above to support that exemption. 
 If you are a nonresident alien or a foreign entity not
subject to backup withholding, give the requester the appropriate completed Form W-8. 
 What is backup withholding? Persons making certain payments to you must
under certain conditions withhold and pay to the IRS 28% of such payments (after December 31, 2002). This is called “backup withholding.” Payments that may be subject to backup withholding include interest, dividends, broker and barter
exchange transactions, rents, 

 
royalties, nonemployee pay, and certain payments from fishing boat operators. Real estate transactions are not subject to backup withholding. 
 You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN, make the proper certifications, and report all
your taxable interest and dividends on your tax return. 
 Payments you receive will be subject to backup withholding if: 
 1. You do not furnish your TIN to the requester, 
 2. You do not
certify your TIN when required (see the Part II instructions on page 4 for details), 
 3. The IRS tells the requester that you furnished an incorrect
TIN, 
 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return
(for reportable interest and dividends only), or 
 5. You do not certify to the requester that you are not subject to backup withholding under 4 above
(for reportable interest and dividend accounts opened after 1983 only). 
 Certain payees and payments are exempt from backup withholding. See the
instructions below and the separate Instructions for the Requester of Form W-9. 
 Also see Special rules regarding partnerships on page 1.

 Penalties 
 Failure to furnish TIN. If you fail to furnish your
correct TIN to a requester, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to willful neglect. 
 Civil penalty for false information with respect to withholding. If you make a false statement with no reasonable basis that results in no backup withholding, you are subject to a $500 penalty. 
 Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment.
 
 Misuse of TINs. If the requester discloses or uses TINs in violation of federal law, the requester may be subject to civil and criminal penalties.

 Specific Instructions 
 Name 
 If you are an individual, you must generally enter the name shown on your income tax return. However, if you have changed your last name, for instance, due to marriage without
informing the Social Security Administration of the name change, enter your first name, the last name shown on your social security card, and your new last name. 
 If the account is in joint names, list first, and then circle, the name of the person or entity whose number you entered in Part I of the form. 
 Sole proprietor. Enter your individual name as shown on your income tax return on the “Name” line. You may enter your business, trade, or “doing business as (DBA)” name on the “Business name” line.

 Limited liability company (LLC). If you are a single-member LLC (including a foreign LLC with a domestic owner) that is disregarded as an entity separate from
its owner under Treasury regulations section 301.7701-3, enter the owner’s name on the “Name” line. Enter the 

	 Form W-9 (Rev. 11-2005) 
	 Page 3 

  
  
 
LLC’s name on the “Business name” line. Check the appropriate box for your filing status (sole proprietor, corporation, etc.), then check the box for
“Other” and enter “LLC” in the space provided. 
 Other entities. Enter your business name as shown on required federal tax documents on the
“Name” line. This name should match the name shown on the charter or other legal document creating the entity. You may enter any business, trade, or DBA name on the “Business name” line. 
 Note: You are requested to check the appropriate box for your status (individual/sole proprietor, corporation, etc.). 
 Exempt From Backup Withholding 
 If you are exempt, enter your name as described above and
check the appropriate box for your status, then check the “Exempt from backup withholding” box in the line following the business name, sign and date the form. 
 Generally, individuals (including sole proprietors) are not exempt from backup withholding. Corporations are exempt from backup withholding for certain payments, such as interest and dividends. 
 Note: If you are exempt from backup withholding, you should still complete this form to avoid possible erroneous backup withholding. 
 Exempt payees. Backup withholding is not required on any payments made to the following payees: 
 1. An organization exempt from tax under section 501(a), any IRA, or a custodial account under section 403(b)(7) if the account satisfies the requirements of section 401(f)(2), 
 2. The United States or any of its agencies or instrumentalities, 
 3. A state, the District of Columbia, a possession of the United States, or any of their political subdivisions or instrumentalities, 
 4. A
foreign government or any of its political subdivisions, agencies, or instrumentalities, or 
 5. An international organization or any of its agencies
or instrumentalities. 
 Other payees that may be exempt from backup withholding include: 
 6. A corporation, 
 7. A foreign central bank of issue,

 8. A dealer in securities or commodities required to register in the United States, the District of Columbia, or a possession of the United States,

 9. A futures commission merchant registered with the Commodity Futures Trading Commission, 
 10. A real estate investment trust, 
 11. An entity registered at
all times during the tax year under the Investment Company Act of 1940, 
 12. A common trust fund operated by a bank under section 584(a), 

13. A financial institution, 
 14. A middleman known in the
investment community as a nominee or custodian, or 
 15. A trust exempt from tax under section 664 or described in section 4947. 

 The chart below shows types of payments that may be exempt
from backup withholding. The chart applies to the exempt recipients listed above, 1 through 15. 
  

			
	IF the payment is for . . .	 	THEN the payment is exempt for . . .
	Interest and dividend payments	 	All exempt recipients except for 9
	Broker transactions	 	Exempt recipients 1 through 13. Also, a person registered under the Investment Advisers Act of 1940 who regularly acts as a broker
	Barter exchange transactions and patronage dividends	 	Exempt recipients 1 through 5
	Payments over $600 required to be reported and direct sales over $5,000 1	 	Generally, exempt recipients 1 through 7 2

  

	 1
	 See Form 1099-MISC, Miscellaneous Income, and its instructions. 

  

	 2
	 However, the following payments made to a corporation (including gross proceeds paid to an attorney under section
6045(f), even if the attorney is a corporation) and reportable on Form 1099-MISC are not exempt from backup withholding: medical and health care payments, attorneys’ fees; and payments for services paid by a federal executive agency.

 Part I. Taxpayer Identification Number (TIN) 
 Enter
your TIN in the appropriate box. If you are a resident alien and you do not have and are not eligible to get an SSN, your TIN is your IRS individual taxpayer identification number (ITIN). Enter it in the social security number box. If you do not
have an ITIN, see How to get a TIN below. 
 If you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN. However, the
IRS prefers that you use your SSN. 
 If you are a single-owner LLC that is disregarded as an entity separate from its owner (see Limited liability
company (LLC) on page 2), enter your SSN (or EIN, if you have one). If the LLC is a corporation, partnership, etc., enter the entity’s EIN. 
 Note: See
the chart on page 4 for further clarification of name and TIN combinations. 
 How to get a TIN. If you do not have a TIN, apply for one immediately. To apply
for an SSN, get Form SS-5, Application for a Social Security Card, from your local Social Security Administration office or get this form online at www.socialsecurity.gov. You may also get this form by calling 1-800-772-1213. Use Form W-7,
Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN, or Form SS-4, Application for Employer Identification Number, to apply for an EIN. You can apply for an EIN online by accessing the IRS website at
www.irs.gov/businesses and clicking on Employer ID Numbers under Related Topics. You can get Forms W-7 and SS-4 from the IRS by visiting www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676). 
 If you are asked to complete Form W-9 but do not have a TIN, write “Applied For” in the space for the TIN, sign and date the form, and give it to the
requester. For interest and dividend payments, and certain payments made with respect to readily tradable instruments, generally you will have 60 days to get a TIN and give it to the requester before you are subject to backup withholding on
payments. The 60-day rule does not apply to other types of payments. You will be subject to backup withholding on all such payments until you provide your TIN to the requester. 
 Note: Writing “Applied For” means that you have already applied for a TIN or that you intend to apply for one soon. 
 Caution: A disregarded domestic entity that has a foreign owner must use the appropriate Form W-8. 

	 Form W-9 (Rev. 11-2005) 
	 Page 4 

  
  
 Part II. Certification 
 To establish to the withholding agent that you are a U.S. person, or resident alien, sign Form W-9. You may be requested to sign by the withholding agent even if items 1, 4, and 5
below indicate otherwise. 
 For a joint account, only the person whose TIN is shown in Part I should sign (when required). Exempt recipients, see
Exempt From Backup Withholding on page 2. 
 Signature requirements. Complete the certification as indicated in 1 through 5 below. 
 1. Interest, dividend, and barter exchange accounts opened before 1984 and broker accounts considered active during 1983. You must give your correct TIN, but
you do not have to sign the certification. 
 2. Interest, dividend, broker, and barter exchange accounts opened after 1983 and broker accounts
considered inactive during 1983. You must sign the certification or backup withholding will apply. If you are subject to backup withholding and you are merely providing your correct TIN to the requester, you must cross out item 2 in the
certification before signing the form. 
 3. Real estate transactions. You must sign the certification. You may cross out item 2 of the
certification. 
 4. Other payments. You must give your correct TIN, but you do not have to sign the certification unless you have been notified
that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care
services (including payments to corporations), payments to a nonemployee for services, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations). 
 5. Mortgage interest paid by you, acquisition or abandonment of secured property, cancellation of debt, qualified tuition program payments (under section 529),
IRA, Coverdell ESA, Archer MSA or HSA contributions or distributions, and pension distributions. You must give your correct TIN, but you do not have to sign the certification. 
  

 What Name and Number To Give the
Requester 
  

					
	  	 	For this type of account:	 	Give name and SSN of:
	1.	 	 Individual
	 	The individual
	2.	 	Two or more individuals (joint account)	 	The actual owner of the account or, if combined funds, the first individual on the account 1
	3.	 	Custodian account of a minor (Uniform Gift to Minors Act)	 	The minor 2
	4.	 	 a.   The usual revocable savings trust (grantor is also trustee)
	 	The grantor-trustee 1
		 	 b.   So-called trust account that is not a legal or valid trust under state law
	 	The actual owner 1
	5.	 	Sole proprietorship or single-owner LLC	 	The owner 3
	  	 	For this type of account:	 	Give name and EIN of:
	6.	 	Sole proprietorship or single-owner LLC	 	The owner 3
	7.	 	A valid trust, estate, or pension trust	 	Legal entity 4
	8.	 	Corporate or LLC electing corporate status on Form 8832	 	The corporation
	9.	 	Association, club, religious, charitable, educational, or other tax-exempt organization	 	The organization
	10.	 	Partnership or multi-member LLC	 	The partnership
	11.	 	A broker or registered nominee	 	The broker or nominee
	12.	 	Account with the Department of Agriculture in the name of a public entity (such as a state or local government, school district, or prison) that receives
agricultural program payments	 	The public entity

  

	 1
	 List first and circle the name of the person whose number you furnish. If only one person on a joint account
has an SSN, that person’s number must be furnished. 

  

	 2
	 Circle the minor’s name and furnish the minor’s SSN. 

  

	 3
	 You must show your individual name and you may also enter your business or “DBA” name on the
second name line. You may use either your SSN or EIN (if you have one). If you are a sole proprietor, IRS encourages you to use your SSN. 

  

	 4
	 List first and circle the name of the legal trust, estate, or pension trust. (Do not furnish the TIN of the
personal representative or trustee unless the legal entity itself is not designated in the account title.) Also see Special rules regarding partnerships on page 1. 

 Note: If no name is circled when more than one name is listed, the number will be considered to be that of the first name listed. 

  
 Privacy Act Notice 
 Section 6109 of the Internal Revenue Code requires you to provide your correct TIN to persons who must file information returns with the IRS to report interest, dividends, and
certain other income paid to you, mortgage interest you paid, the acquisition or abandonment of secured property, cancellation of debt, or contributions you made to an IRA, or Archer MSA or HSA. The IRS uses the numbers for identification purposes
and to help verify the accuracy of your tax return. The IRS may also provide this information to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. possessions to carry out their
tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. 
 You must provide your TIN whether or not you are required to file a tax return. Payers must generally withhold 28% of taxable interest, dividend, and certain other
payments to a payee who does not give a TIN to a payer. Certain penalties may also apply.Amended and Restated Employment Agreement for Kevin S. Noland

 Exhibit 10.1 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this
“Agreement”) is made and entered into as of the 31st day of March, 2008, by and between KEVIN S. NOLAND, an individual resident of the State of Georgia (the “Employee”), and A.D.A.M., INC., a Georgia corporation (the
“Company”). 
 RECITALS: 
 WHEREAS, the Company is engaged in the business of developing, marketing, distributing and licensing high-quality health information services and benefits management solutions to healthcare organizations, benefit brokers, employers,
consumers and educational institutions (the “Company Business”); 
 WHEREAS, the Company and Employee entered into an Employment
Agreement, dated as of February 21, 2002, as amended by a First Amendment to Employment Agreement dated March 14, 2005, a Second Amendment to Employment Agreement dated October 3, 2005 and a Third Amendment to Employment Agreement
dated January 9, 2006 (the “Original Agreement”); 
 WHEREAS, the parties desire to amend and restate the Original Agreement
in its entirety; 
 NOW, THEREFORE, for and in consideration of the above premises, the mutual covenants and agreements hereinafter set forth
and other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 
 1. Employment and Duties. 
 (a) Subject to the terms and conditions set forth in this
Agreement, the Company hereby agrees to continue to employ the Employee, and the Employee hereby agrees to continue to serve the Company, as the President and Chief Executive Officer (the “CEO”) of the Company. In performing his duties
hereunder, the Employee shall report to and be directly responsible to the Board of Directors of the Company. 
 (b) During the term of this
Agreement, the Employee shall, for the benefit of the Company, use his skills, knowledge, and specialized training to perform the duties and exercise the powers, functions, and discretion incident to his position as CEO of the Company or which from
time to time, consistent with such position, may be assigned to or vested in him by the Board of Directors, in an efficient and competent manner and on such terms and subject to such restrictions as the Board of Directors may from time to time
impose. 
 (c) During the term of this Agreement, the Employee shall perform his duties hereunder at the Company’s then current
headquarters or as otherwise directed by the Board of Directors from time to time. 
 (d) During the term of this Agreement, the Employee
agrees to devote his full business time, energy, and skill to the business of the Company, and to the fulfillment of the Employee’s obligations under this Agreement. In addition to the foregoing and not in limitation thereof, during 

 
the term hereof, the Employee shall not carry on, engage in, or otherwise be interested in, directly or indirectly, any other business or activity that would
result in a conflict of interest with the Company’s business or that would materially adversely affect the Employee’s ability to perform his duties as set forth in this Agreement. 
 2. Term. 
 (a) The Employee’s
term of employment pursuant to this Agreement shall continue until terminated in accordance with this Agreement. 
 (b) Subject to the terms
of Section 6, either the Company or Employee may terminate Employee’s employment under this Agreement at any time by notice to the other. Notwithstanding the foregoing, Employee agrees that he will not terminate his employment upon less
than sixty (60) days’ prior written notice unless such termination is With Good Reason (as hereinafter defined). Employee acknowledges and agrees that after the Company’s receipt of any notice of termination from the Employee, the
Company may, at its sole option, elect an earlier effective date for the termination of Employee’s employment by giving written notice of such earlier date to Employee at any time prior to the date of termination initially established by
Employee. Company agrees that Employee’s election to terminate his employment hereunder shall not constitute a sufficient basis upon which the Company can terminate Employee’s employment With Cause (as hereinafter defined). 
 3. Compensation. 
 (a) Subject to the
terms of this Agreement, as base compensation for Employee’s services, the Company shall pay Employee so long as he shall be employed under this Agreement a base salary that will accrue at a rate of not less than two hundred and eighty thousand
dollars ($280,000) per annum. It being agreed, however, that Employee’s salary shall be subject to all withholdings pursuant to applicable law or regulation. Employee’s base salary shall be payable to Employee on the regularly reoccurring
pay period established by the Company, but in no event in less than monthly installments. The Board will annually review the base salary of Employee; however, such base salary will not at any time be subject to reduction to any amount less than the
dollar amount set forth in this Section 3(a). 
 (b) In addition to the annual base salary payable to Employee under Section 3(a),
Employee will be eligible to participate in grants of stock options from time to time established for employees of the Company in accordance with the terms and conditions of such plans (or any successor stock option plan adopted by the Company
during the term hereof). In the event that Employee’s employment is terminated With Good Reason (as hereinafter defined) or Without Cause (as hereinafter defined), then the Employee’s then vested amount of stock options (or any portion of
a stock option grant that has vested according to that grant’s vesting schedule) at the time of termination shall be exercisable until the earlier of (i) the option’s original expiration date (i.e., in the absence of early
termination), and (ii) the latest date that would not cause the option to become subject to Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). 
 (c) The Employee hereby acknowledges that the Employee may be required to work beyond standard working hours in order to perform his duties hereunder.
The Employee shall not be entitled to compensation for overtime or extra hours worked in performance of his duties hereunder 

  

 2 

 
except as required by law. 
 (d) In addition to
the compensation described in this Agreement, the Employee shall be entitled to reimbursement by the Company for all actual, reasonable, and direct expenses incurred by him in the performance of his duties hereunder, provided such expenses were
incurred only in accordance with the policies and procedures established by the Company from time to time. 
 4. Employment Benefits.

 (a) The Employee shall have the right to participate in any and all employee benefit programs established or maintained by the Company
from time to time, in accordance with the terms and conditions of such employee benefit programs, including, without limitation, such medical and dental plans, retirement, pension or profit sharing plans as may be established from time to time by
the Company. The Company reserves the right, in its sole discretion, to alter, amend, or discontinue any of such employee benefit programs at any time. 
 (b) In addition to such public holidays as are observed by the Company, the Employee shall be entitled to vacation days or paid time off in accordance with the Company’s then current policies, which the Company
reserves the right, in its sole discretion, to alter, amend, or discontinue at any time. 
 (c) The Employee acknowledges that the Company
may promulgate employee handbooks, policies, and procedures from time to time, and the Employee agrees to adhere to the terms of any handbook, policy, or procedures that the Company may promulgate from time to time. The Company reserves the right,
in its sole discretion, to alter, amend, or terminate any handbook, policy or procedure. 
 5. Illness, Incapacity or Death During
Employment. 
 (a) If by reason of illness, injury or incapacity, the Employee is unable, despite reasonable accommodation, to perform his
services or discharge his duties hereunder on a full time basis for ninety (90) or more consecutive days or one hundred twenty (120) days in the aggregate during any twelve (12) month period (or any such longer periods as may be
required by law), then the Company may terminate the employment of the Employee by written notice to Employee, and, thereupon, all obligations of the Company to provide compensation and benefits under this Agreement shall cease, other than
(i) the payment of that portion of the base salary earned by the Employee to the date of termination; (ii) any then accrued but unpaid bonus amount for any prior fiscal years; (iii) a prorated bonus amount for the fiscal year in which
the termination occurs (which bonus amount shall be determined by first annualizing the bonus amount previously accrued by the Company for such fiscal year and then prorating the annualized amount based on the portion of the year actually worked by
the Employee through the termination date); and (iv) reimbursement of all pre-approved expenses that were reasonably incurred by the Employee in performing his responsibilities and duties for the Company prior to and including such date.

 (b) In the event of the Employee’s death, all obligations of the Company to provide compensation and benefits under this Agreement
shall cease, other than (i) the payment of that portion of the base salary earned by the Employee to the date of death; (ii) any then accrued but unpaid bonus amount for any prior fiscal years; (iii) a prorated bonus amount for the
fiscal year in 

  

 3 

 
which the death occurs (which bonus amount shall be determined by first annualizing the bonus amount previously accrued by the Company for such fiscal year
and then prorating the annualized amount based on the portion of the year actually worked by the Employee through the termination date); and (iv) reimbursement of all pre-approved expenses that were reasonably incurred by the Employee in
performing his responsibilities and duties for the Company prior to and including such date. 
 (c) This Section 5 shall not limit the
entitlement of Employee, his estate or beneficiaries to any disability or other benefits available to Employee under any disability insurance or other benefits plan or policy maintained by the Company for Employee’s benefit. 
 6. Termination of Employment. 
 (a) If
Employee’s employment hereunder is terminated (i) by Company With Cause, or (ii) by Employee Without Good Reason (other than pursuant to subsection (d) below), all obligations of Company to provide compensation and benefits under
this Agreement shall cease, other than the payment of that portion of the base salary earned by the Employee to the date of termination, plus reimbursement of all pre-approved expenses that were reasonably incurred by the Employee in performing his
responsibilities and duties for the Company prior to and including such date. Company’s election to terminate Employee’s employment With Cause shall be without prejudice to any remedy the Company may have against Employee for the breach or
non-performance of any of the provisions of this Agreement. 
 (b) If Company terminates Employee’s employment hereunder Without Cause
(as hereinafter defined), then, in addition to the payment of that portion of the base salary earned by the Employee to the date of termination along with any then accrued but unpaid bonus amount for any prior fiscal years, the Company shall:

 (i) not later than ten business days following the date of termination of employment, pay to Employee a lump sum cash payment in an amount
equal to the sum of the following: (A) 200% of the aggregate amount of his annual base salary as in effect on the date Employee’s employment so terminates; (B) 50% of the aggregate amount paid pursuant to subsection (i)(A) above
(which represents Employee’s target bonus amount); and (C) a prorated bonus amount for the fiscal year in which the termination occurs (which bonus amount shall be determined by first annualizing the bonus amount previously accrued by the
Company for such fiscal year and then prorating the annualized amount based on the portion of the year actually worked by the Employee through the termination date) (collectively, the “Lump Sum Severance Amount”); and 
 (ii) for a period of eighteen (18) months after the date of termination of employment, pay the COBRA premiums necessary for Employee to continue the
same medical coverage Employee carried while an active employee provided that the Company shall not be required to make more than the maximum number of payments allowed under COBRA. 
 Notwithstanding the foregoing, the Company’s obligations to make payments on a lump sum basis under Section 6(b)(i) above shall become effective January 1, 2009; in the event of any termination of
employment before January 1, 2009, any severance payments due pursuant to Section 6(b)(i) will be made on an installment basis in accordance with the Original Agreement. 
  

 4 

 (c) If Employee voluntarily resigns With Good Reason then, in addition to the Company’s obligations
under Section 3(b) and the payment of that portion of the base salary earned by the Employee to the date of termination along with any then accrued but unpaid bonus amount for any prior fiscal years, the Company shall: (i) not later than
ten business days following the date of termination of employment, pay to Employee the Lump Sum Severance Amount; and (ii) for a period of eighteen (18) months after the date of termination of employment, pay the COBRA premiums necessary
for Employee to continue the same medical coverage Employee carried while an active employee provided that the Company shall not be required to make more than the maximum number of payments allowed under COBRA. 
 (d) If Employee voluntarily resigns Without Good Reason within twelve months following a Change of Control, but in any event no later than
March 15th of the calendar year after the calendar year in which the Change of Control occurs, then in addition to the payment of that portion of the base salary earned by the Employee to the date of termination along with any then accrued but
unpaid bonus amount for any prior fiscal years, the Company shall: (i) on or before the earlier of (x) the tenth business day following the date of termination of employment and (y) March 15th of the calendar year after the
calendar year in which the Change of Control occurs, pay to Employee the Lump Sum Severance Amount; and (ii) for a period of eighteen (18) months after the date of termination of employment, pay the COBRA premiums necessary for Employee to
continue the same medical coverage Employee carried while an active employee provided that the Company shall not be required to make more than the maximum number of payments allowed under COBRA. 
 (e) “Change of Control” means the occurrence of any of the following events: (i) any person, within the meaning of Section 13(d)(3)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any group of persons, within the meaning of Exchange Act Rule 13d-5, acquires more than fifty percent (50%) in voting power of the Company’s equity
securities; (ii) the Board of Directors of the Company as it is constituted on any day (the “Incumbent Board”) changes so that on the following day (which day shall be considered the day upon which the Change in Control occurs)
individuals who constitute the Incumbent Board cease for any reason other than their deaths to constitute at least a majority of the Board of Directors, provided that any individual becoming a director subsequent to the date hereof whose election or
nomination for election was consented to or approved by a majority of the Incumbent Board shall be, for purposes of this Paragraph (ii), considered as though such person were a member of the Incumbent Board; (iii) there is a reorganization
(other than a mere change in identity, form, or place of organization of the Company, however effected), merger or consolidation of the Company, or any other transaction, with one or more business entities or persons as a result of which the stock
of the Company is exchanged for or converted into cash or property or securities not issued by the Company; or (iv) there is a sale of all or substantially all of the assets of the Company to any person or business entity. 
 (f) “With Cause” means the termination of employment resulting from: (i) any act or omission which constitutes a material breach by
Employee of his obligations under this Agreement; (ii) the commission by Employee of a felony or any crime involving moral turpitude, fraud or dishonesty; (iii) the perpetration by Employee of any intentional, material act of dishonesty
whether relating to the Company, the Company’s employees or otherwise; (iv) the use of illegal drugs by the Employee, or drunkenness or substance abuse by the Employee which interferes with the performance of his duties hereunder;
(v) gross incompetence on the part of Employee in the performance of his duties hereunder; (vi) the issuance of a final consent decree, cease and desist or similar order against Employee by a regulatory agency relating to violations or
alleged violations of 

  

 5 

 
any federal or state law or regulation governing the conduct of the business of the Company; or (vii) any other act or omission (other than an act or
omission resulting from the exercise by Employee of good faith business judgment) which materially impairs the financial condition or business reputation of the Company. 
 (g) “Without Cause” means the termination of employment by Company resulting from any reason other than those enumerated in subsection (f) above or Section 5 of this Agreement. 
 (h) “With Good Reason” means the Employee’s termination of his employment with the Company as a result of: (i) the assignment to
Employee of any duties materially and adversely inconsistent with the Employee’s position as specified in Section 1 hereof (or such other position to which he may be promoted), including status, offices, responsibilities or persons to whom
the Employee reports as contemplated under Section 1 of this Agreement, or any other action by Company which results in a material adverse change in such position, status, offices, titles, or responsibilities; (ii) relocation of the
Company’s principal executive offices at least fifty (50) miles outside of the metropolitan Atlanta area as the Board of Directors of the Company may designate; or (iii) any material breach of this Agreement by Company, including the
failure to pay Employee on a timely basis any material amounts to which he is entitled under this Agreement. The Employee must provide notice to the Company of the existence of a condition constituting Good Reason within 90 days of the initial
existence of the condition, and upon such notice, the Company shall have a period of 30 days during which it may remedy the condition and not be required to pay the applicable severance. The Employee must terminate employment within two years
following the initial existence of one or more of the foregoing conditions arising without his consent for any severance to be paid upon a termination With Good Reason. 
 (i) “Without Good Reason” means the Employee’s termination of his employment with the Company for any reason other than those enumerated in subsection (h) above. 
 7. Employee’s Obligations upon Termination of Employment. Upon the termination of his employment hereunder for whatever reason Employee
shall: 
 (a) tender his resignation from any directorship or office he may hold in the Company or any of its subsidiaries or affiliates, and
not at any time represent himself still to be connected with or to have any connection with the Company or its subsidiaries or affiliates; and 
 (b) observe all post-employment covenants set forth in this Agreement. 
 8. Effect of Termination. The provisions of
Sections 6, 7, 9 through 14, 17 and 21 of this Agreement shall survive the termination of this Agreement and the termination of Employee’s employment with the Company to the extent required to give full effect to the covenants and agreements
contained therein. 
 9. Confidentiality; Works Made for Hire. 
 (a) The Employee agrees that, both during his employment and for the applicable period described in Section 9(b) below after termination of his
employment for any reason, the Employee will hold in a fiduciary capacity for the benefit of the Company, and shall not directly or indirectly use or disclose, except as set forth in Section 9(c) below or as authorized by the Company in 

  

 6 

 
connection with the performance of the Employee’s duties, any Confidential Information (as hereinafter defined) that the Employee may have or acquire
(whether or not developed or compiled by the Employee and whether or not the Employee has been authorized to have access to such Confidential Information) during his employment with the Company. Moreover, in the absence of Company’s prior
written consent, the Employee agrees not to make or cause to be made known to any third party any correlation or identity which may exist between the Confidential Information that the Employee may have or acquire on the one hand, and, on the other
hand, any other information now or hereafter made available to the Employee. The term “Confidential Information” as used in this Agreement shall mean and include any information, data, and know-how relating to the business of the Company
that is disclosed to the Employee by the Company or known by the Employee as a result of the Employee’s relationship with the Company and not generally within the public domain (whether constituting a trade secret or not), including, without
limitation, the following information: 
  

	 	(i)	technical information, such as formulas, patterns, devices, computer program source and object codes, compositions, inventions, processes, specifications, research, methods,
technique, software, or engineering or technical specification, and any know-how relating to any of the foregoing, and methods of delivery, whether ownedby the Company or utilized by the Company under license from a third party, in each case to the
extent that such information is not generally known to the public; 

  

	 	(ii)	financial information, such as the Company’s earnings, assets, debts, cost-price information, product markups, gross margins, fee structures, volumes of purchases or sales, or
financial data or information that should not be disclosed to its customers or competitors, whether relating to the Company generally, or to particular services, geographic areas, or time periods; 

  

	 	(iii)	supply and service information, such as information concerning the goods and services utilized or purchased by the Company, the names or addresses of suppliers, terms of supply or
service contracts, or of particular transactions, or related information about potential suppliers, to the extent that such information is not generally known to the public, and to the extent that the combination of suppliers or use of a particular
supplier, though generally known or available, yields advantages to Company and the details of which are not generally known; 

  

	 	(iv)	marketing information, such as details about ongoing or proposed marketing programs or agreements by or on behalf of the Company, marketing forecasts or results of marketing efforts
or information about impending transactions; 

  

	 	(v)	personnel information, such as employees’ personal or medical histories, compensation or other terms of employment, actual or proposed promotions, hirings, resignations,
disciplinary actions, terminations or reasons therefor, training methods, performance, or other employee information; 

  

	 	(vi)	 customer information, such as any compilation of past, existing, or prospective customers, customer proposals or agreements between customers 

  

 7 

	 	 
and the Company, status of customer accounts or credit, or related information about actual or prospective customers; and 

  

	 	(vii)	information that was provided to the Company in confidence or that that Company is otherwise required to maintain in confidence due to a legal or contractual obligation.

 The term “Confidential Information” does not include information that has become a part of the public domain by
the act of one who has the right to disclose such information without violating any right of the Company or the customer to which such information pertains. Confidential Information which is specific as to techniques, methods, or the like shall not
be deemed to be in the public domain merely because such information is embraced by more general disclosures in the public domain, and any combination of features shall not be deemed within the foregoing exception merely because individual features
are in the public domain if the combination itself and its principles of operation are not in the public domain. 
 (b) The covenants
contained in this Section 9 shall survive the termination of the Employee’s employment with the Company for any reason for a period of two (2) years; provided, however, that with respect to those items of Confidential Information
which constitute a trade secret under applicable law, the Employee’s obligations of confidentiality and nondisclosure as set forth in this Section 9 shall continue to survive after said two-year period to the greatest extent permitted by
applicable law. These rights of the Company are in addition to those rights the Company has under the common law or applicable statutes for the protection of trade secrets. 
 (c) In the event that the Employee becomes legally compelled (by deposition, interrogatory, request for documents, subpoena, civil investigative demand
or similar process) to disclose any of the Confidential Information, the Employee shall provide the Company with prompt written notice of such requirement prior to complying therewith so that the Company may seek a protective order or other
appropriate remedy and/or waive compliance with the terms of this Agreement. In the event that such protective order or other remedy is not obtained or the Company waives compliance with the provisions hereof, the Employee agrees to furnish only
that portion of the Confidential Information that is legally required and to exercise reasonable efforts to obtain an assurance that confidential treatment will be accorded such Confidential Information. 
 (d) All writings, tapes, recordings, computer programs, website content and other works in any tangible medium of expression, regardless of the form of
medium, which have been or are prepared by the Employee, or to which the Employee contributes in any way to such preparation, in connection with the Employee’s employment by the Company (collectively, the “Works”), and all copyrights
and other rights, titles and interests whatsoever in and to the Works, belong solely and exclusively to the Company as works made for hire; moreover, if and to the extent any court or agency should conclude that the Works (or any of them) do not
constitute or qualify as a “work made for hire,” the Employee hereby assigns, grants and delivers, solely and exclusively unto the Company, all copyrights and other rights, titles, and interests whatsoever in and to the Works. 

10. Non-Solicitation of Employees. The Employee agrees that, for so long as he is employed by the Company and for a period of one (1) year
after termination of his employment for any reason, Employee shall not solicit, directly or indirectly, (i) any employee of the Company with whom he has had material business contact during the last twelve (12) months of his employment

  

 8 

 
with the Company, or (ii) any employee of the Company whose particular talents or capabilities he became aware of as a result of Employee’s
employment with the Company, to leave the employ of the Company. 
 11. Non-Solicitation of Customers. The Employee will, for so long
as he is employed by the Company and for a period of one (1) year after termination of his employment, refrain from soliciting, or attempting to solicit, directly or by assisting others, any business from any of the customers, including
actively sought prospective customers, with whom the Employee had material contact within the last twelve months of Employee’s employment hereunder, for purposes of providing products or services that are similar to or competitive with those
provided by the Company, if the Company is also then still engaged in such business. 
 12. Severability. Except as noted below,
should any provision of this Agreement be declared or determined by any court of competent jurisdiction or arbitrator to be unenforceable or invalid for any reason, the validity of the remaining parts, terms, or provisions of this Agreement shall
not be affected thereby and the invalid or unenforceable part, term, or provision shall be deemed not to be a part of this Agreement. The covenants set forth in this Agreement are to be reformed pursuant to Section 13 if held to be unreasonable
or unenforceable, in whole or in part, and, as written and as reformed, shall be deemed to be part of this Agreement. 
 13.
Reformation. If any of the covenants or promises of this Agreement are determined by any court of law or equity or arbitrator, with jurisdiction over this matter, to be unreasonable or unenforceable, in whole or in part, as written, Employee
hereby consents to and affirmatively requests that said court or arbitrator, to the extent legally permissible, reform the covenant or promise so as to be reasonable and enforceable and that said court or arbitrator enforce the covenant or promise
as so reformed. 
 14. Injunctive Relief. The Employee understands, acknowledges and agrees that in the event of a breach or
threatened breach of any of the covenants and promises contained in Sections 9, 10 and 11, the Company will suffer irreparable injury for which there is no adequate remedy at law and the Company will therefore be entitled to obtain, without bond,
injunctive relief enjoining said breach or threatened breach. Employee further acknowledges, however, that the Company shall have the right to seek a remedy at law as well as or in lieu of equitable relief in the event of any such breach.

 15. Assignment. The terms and provisions of this Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns, and upon Employee and his heirs and personal representatives. The term “Company” as used in this Agreement shall be deemed to include the successors and assigns of the original or any subsequent entity constituting
the Company as well as any and all divisions, subsidiaries, or affiliates thereof. 
 16. Waiver. The waiver by any party to this
Agreement of a breach of any of the provisions of this Agreement shall not operate or be construed as a waiver of any subsequent or simultaneous breach. 
 17. Applicable Law. This Agreement has been entered into in and shall be governed by and construed under the laws of the State of Georgia (U.S.A.), without regard to conflicts of laws principles. 
  

 9 

 18. Headings and Captions. The headings and captions used in this Agreement are for convenience of
reference only, and shall in no way define, limit, expand, or otherwise affect the meaning or construction of any provision of this Agreement. 
 19. Notice. Any notice required or permitted to be given pursuant to this Agreement shall be deemed sufficiently given when delivered in person, by courier service in which the party acknowledges receipt in writing, or three
(3) days after deposit in the United States mail, postage prepaid, for delivery as registered or certified mail addressed, in the case of the Employee, to him at his residential address as reflected on the records of the Company, and in the
case of the Company to the corporate headquarters of the Company, attention of the CEO, or to such other address as the Employee or the Company may designate in writing at any time or from time to time to the other party. In lieu of personal notice
or notice by deposit in the US mail, a party may be given notice by fax or telex or other similar electronic method so long as receipt is verified. 
 20. Gender. All pronouns or any variations thereof contained in this Agreement refer to the masculine, feminine or neuter, singular or plural, as the identity of the person or persons may require. 
 21. Arbitration. The parties hereto agree to submit any controversy or claim arising out of or relating to Employee’s employment by the
Company, or the termination thereof, or this Agreement, or the breach thereof (including, without limitation, any claim that any provision of this Agreement or any obligation of Employee is illegal or otherwise unenforceable or voidable under law,
ordinance, or ruling or that Employee’s employment by the Company was illegally terminated) for arbitration at the office of the American Arbitration Association in Atlanta, Georgia, in accordance with the United States Arbitration Act (9
U.S.C. § 1 et seq.) and the rules of the American Arbitration Association. Company and Employee each consents and submits to the personal jurisdiction and venue of the trial courts of Fulton County, Georgia, and also to the personal
jurisdiction and venue of the United States District Court for the Northern District of Georgia for purposes of enforcing this provision. All awards of the arbitration shall be binding and non-appealable except as otherwise provided in the United
States Arbitration Act. Judgment upon the award of the arbitrator may be entered in any court having jurisdiction thereof. The arbitration shall take place at a time noticed by the American Arbitration Association regardless of whether one of the
parties fails or refuses to participate. The arbitrator shall have no authority to award punitive damages, but will otherwise have the authority to award any remedy or relief that a court of competent jurisdiction could order or grant, including,
without limitation, specific performance of any obligation created under this Agreement, the issuance of an injunction or other provisional relief, or the imposition of sanctions for abuse or frustration of the arbitration process. The parties shall
be entitled to engage in reasonable discovery, including a request for the production of relevant documents. Depositions may be ordered by the arbitrator upon a showing of need. The foregoing provisions shall not preclude either party from bringing
an action in any court of competent jurisdiction for injunctive or other provisional relief as a party may determine is necessary or appropriate. 
 22. Section 409A. 
 (a) This Agreement is intended to comply with, or otherwise be exempt from, Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and any regulations and 

  

 10 

 
Treasury guidance promulgated thereunder. The Company shall undertake to administer, interpret, and construe this Agreement in a manner that does not result
in the imposition on the Employee of any additional tax, penalty, or interest under Section 409A of the Code. If the Company determines in good faith that any provision of this Agreement would cause the Employee to incur an additional tax,
penalty, or interest under Section 409A of the Code, the Compensation Committee and the Employee shall use reasonable efforts to reform such provision, if possible, in a mutually agreeable fashion to maintain to the maximum extent practicable
the original intent of the applicable provision without violating the provisions of Section 409A of the Code. 
 (b) The preceding
provisions, however, shall not be construed as a guarantee by the Company of any particular tax effect to Employee under this Agreement. The Company shall not be liable to Employee for any payment made under this Agreement, at the direction or with
the consent of Employee, that is determined to result in an additional tax, penalty, or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under
Section 409A of the Code. 
 (c) For purposes of Section 409A of the Code, the right to a series of installment payments under this
Agreement shall be treated as a right to a series of separate payments. 
 (d) With respect to any reimbursement of expenses of, or any
provision of in-kind benefits to, the Employee, as specified under this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following conditions: (1) the expenses eligible for reimbursement or the
amount of in-kind benefits provided in one taxable year shall not affect the expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical reimbursement arrangement providing for the
reimbursement of expenses referred to in Section 105(b) of the Code; (2) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (3) the right to
reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 
 (e) “Termination of
employment,” “resignation,” or words of similar import, as used in this Agreement shall mean “separation from service” as defined in Section 409A of the Code for purposes of Section 409A of the Code. 
 (f) If a payment obligation under this Agreement arises on account of the Employee’s separation from service while the Employee is a “specified
employee” (as defined under Section 409A of the Code and determined in good faith by the Compensation Committee), any payment of “deferred compensation” (as defined under Treasury Regulation Section 1.409A-1(b)(1), after
giving effect to the exemptions in Treasury Regulation Sections 1.409A-1(b)(3) through (b)(12)) that is scheduled to be paid within six (6) months after such separation from service shall accrue without interest and shall be paid within 15 days
after the end of the six-month period beginning on the date of such separation from service or, if earlier, within 15 days after the appointment of the personal representative or executor of the Employee’s estate following his death.

 (g) To the extent necessary to comply with Section 409A of the Code, the foregoing provisions of this Section 22 shall be
applicable to the Original Agreement to the extent provisions of the Original Agreement remain effective under this Agreement. 
  

 11 

 23. Section 280G. Notwithstanding any other provision herein or any other employment,
severance, change in control or similar agreement to the contrary, to the extent that any payment or distribution of any type to or for the benefit of the Employee by the Company or any of its affiliates, whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise (including, without limitation, any accelerated vesting of stock options or restricted stock granted by the Company) (collectively, the “Total Payments”) is or will be
subject to the excise tax imposed under Section 4999 of the Code or be non-deductible under Section 280G of the Code (which reference includes, for purposes of this Agreement, any similar successor provision to Section 4999 or
Section 280G, as applicable), then the Total Payments shall be reduced (but not below zero) so that the maximum amount of the Total Payments (after reduction) shall be $1.00 less than the amount that would cause the Total Payments to be subject
to the excise tax imposed by Section 4999 of the Code or be non-deductible under Section 280G of the Code. Any such reduction shall be made by reducing any cash severance benefits. 
 24. ENTIRE AGREEMENT. EXCEPT AS OTHERWISE PROVIDED HEREIN, THIS AGREEMENT CONSTITUTES THE ENTIRE AGREEMENT BETWEEN THE COMPANY AND EMPLOYEE WITH
RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT AND SUPERSEDES ANY PRIOR AGREEMENTS OR UNDERSTANDINGS BETWEEN THE COMPANY AND EMPLOYEE WITH RESPECT TO SUCH SUBJECT MATTER (INCLUDING WITHOUT LIMITATION THE ORIGINAL AGREEMENT). NO AMENDMENT OR WAIVER
OF THIS AGREEMENT OR ANY PROVISION HEREOF SHALL BE EFFECTIVE UNLESS IN WRITING SIGNED BY THE PARTY TO BE SO BOUND. 
  

 12 

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

			
	COMPANY:
	
	A.D.A.M., INC.
		
	By:	 	 /s/ Mark B. Adams

	Title:	 	Chief Financial Officer
	
	EMPLOYEE:
	
	 /s/ Kevin S. Noland

	Kevin S. Noland

  

 13

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