Document:

ex10_147.htm

Exhibit 10.147

COMPUWARE CORPORATION

2007 LONG TERM INCENTIVE PLAN

AMENDMENT NO. 2

In accordance with Section 10.6 of the Compuware Corporation 2007 Long Term Incentive Plan (the “Plan”) the Plan is hereby amended by the addition of Section 2.5 “Substituted Options” to read as follows:

2.5            Substituted Options.

(a)            Upon the consummation of the Corporation’s acquisition of dynaTrace software, Inc., certain unvested stock options under the dynaTrace software, Inc. 2007 Stock Incentive Plan (“DynaTrace Options”), as scheduled in the acquisition agreement, are to be cancelled, terminated and converted into Options to purchase the Corporation’s Common Stock under the Plan, using the conversion ratio formula in Code Section 424 and Treasury regulations thereunder (the “Substituted Options”). The Substituted Option Agreements are intended to carry over the terms of the replaced DynaTrace Options without the provision of additional rights and are to be construed and interpreted accordingly. Certain terms in the Substituted Option Agreements shall be more restrictive than the corollary standard or default provisions in the Plan to comply with the carry over provisions of the DynaTrace Options.

(b)            The terms of the Substituted Option Agreements and the application of the Plan to the Substituted Options shall be governed by the laws of the State of Delaware, without regard to the conflict of law provisions, a deviation from the Michigan law governance that applies to other Awards under the Plan.

(c)            For purposes of Substituted Options only, the term “Change in Control” means: (i) the acquisition (other than from the Corporation in one or more transactions by any Person, as defined below, of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of (A) the then outstanding shares of the securities of the Corporation, or (B) the combined voting power of the then outstanding securities of the Corporation entitled to vote generally in the election of directors (the “Corporation Voting Stock”); (ii) the closing of a sale or other conveyance of all or substantially all of the assets of the Corporation; or (iii) the effective time of any merger, share exchange, consolidation, or other business combination involving the Corporation if immediately after such transaction persons who hold a majority of the outstanding voting securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of such surviving entity) are not persons who, immediately prior to such transaction, held the Corporation Voting Stock; provided, however, that for purposes of any Substituted Option that constitutes “nonqualified deferred compensation” within the meaning of Code section 409A, the Committee, in its discretion, may specify a different definition of Change in Control in order to comply with the provisions of Code Section 409A. For purposes of this definition, a “Person” means any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than employee benefit plans sponsored or maintained by the Corporation and by entities controlled by the Corporation or an underwriter of the Common Stock in a registered public offering.

  

  

  

(d)            Notwithstanding any provisions in the Plan to the contrary, this Section 2.5 shall control for purposes of governing the application of the Plan and Agreements to Substituted Options.

IN WITNESS WHEREOF, this Compuware Corporation Amendment has been executed on behalf of the Corporation on this 1st day of July, 2011.

	  	
COMPUWARE CORPORATION

	  	  	  
	  	
By:

	
/s/ Daniel s. Follis, Jr.

	  	  	
Daniel S. Follis, Jr.

	  	  	
General Counsel & SecretaryDJSP ENTERPRISES, INC.

2009 EQUITY INCENTIVE PLAN

RESTRICTED SHARE AWARD AGREEMENT

 

THIS RESTRICTED SHARE AWARD AGREEMENT (the
“Award Agreement”) is made effective as of February 1, 2013 (the “Grant Date”), between DJSP Enterprises,
Inc., a British Virgin Islands company limited by shares (hereinafter called the “Corporation”), and ________________________,
hereinafter referred to as the “Grantee.” Capitalized terms not otherwise defined herein shall have the same meanings
as in the DJSP Enterprises, Inc. 2009 Equity Incentive Plan (the terms of which are hereby incorporated by reference and made
a part of this Award Agreement) (the “Plan”).

 

1.          Grant
of the Restricted Stock. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth
in this Award Agreement, the Corporation hereby grants to the Grantee One Hundred Thousand (100,000) Common Shares (hereinafter
called the “Restricted Shares”). The Restricted Shares shall vest and become nonforfeitable in accordance with Section
2 hereof.

 

2.          Restriction
Period. The Common Shares subject to this Award Agreement are restricted from transfer until the restrictions lapse. Subject
to the Grantee’s termination of services as a member of the Board of Directors of the Corporation, as described in Section
3, below, the Common Shares subject to this Award Agreement shall vest according to the following schedule: fifty thousand (50,000)
of the Restricted Shares shall vest, and the restrictions thereon shall lapse, on the Grant Date; an additional twenty-five thousand
(25,000) of the Restricted Shares shall vest, and the restrictions thereon shall lapse, on the first anniversary of the Grant
Date; and the remaining twenty-five thousand (25,000) Restricted Shares shall vest, and the restrictions thereon shall lapse,
on the second anniversary of the Grant Date. Upon the lapse of the restrictions, the associated Common Shares shall become freely
transferable if the Grantee’s services, as a member of the Board of Directors of the Corporation, has not been terminated
on or prior to such date. Notwithstanding the provisions of this subsection, in the event of a Change in Control or the dissolution
or liquidation of the Corporation, the Common Shares subject to this Award Agreement shall become 100%
vested and nonforfeitable and all restrictions shall lapse. Until the lapse of the restrictions in this Section 2, any
certificate evidencing the Common Shares subject to this Award Agreement, shall carry a restrictive legend that prohibits any
transfer including the assignment, hypothecation or pledge of the Common Shares subject to this Award Agreement, prior to the
lapse of the Restriction Period.

 

3.          Termination.
 If the Grantee’s services, as a member of the Board of Directors of the Corporation, are terminated for any reason,
the Grantee’s right to the Common Shares subject to this Award Agreement that are still subject to the Restriction Period
automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions
on Common Shares covered by this Award Agreement.

 

4.          Rights
as a Stockholder. Except for potential forfeitability of the Restricted Shares prior to the lapse of restrictions set
forth in Section 3 above, the Grantee shall have all the voting rights and entitlement to dividends and other distributions paid
with respect to Common Shares subject to this Award Agreement commencing on the date on which the share certificate is issued
(or book entry representing such shares has been made and such shares have been deposited with the appropriate book-entry custodian)
evidencing the Restricted Shares under this Award Agreement.

 

    	 

    	 

    

 

5.          Legend
on Certificates. The Restricted Shares shall contain a legend stating that they are subject to transfer restrictions and
other restrictions as the Committee may deem reasonably advisable under the Plan or the rules, regulations, and other requirements
of the Securities and Exchange Commission, any stock exchange upon which such Restricted Shares are listed, any applicable federal
or state laws and the Corporation’s Memorandum and Articles of Association, and the Committee may cause a legend or legends
to be put on any such certificates to make appropriate reference to such restrictions.

 

6.          Transferability.
The Restricted Share may not, at any time prior to becoming vested pursuant to Section 2 or thereafter, be transferred,
sold, assigned, pledged, hypothecated or otherwise disposed of unless such transfer, sale, assignment, pledge, hypothecation or
other disposition complies with the provisions of this Award Agreement.

 

7.          Securities
Laws. The Corporation may require the Grantee to make or enter into such written representations, warranties and agreements
as the Committee may reasonably request in order to comply with applicable securities laws or with this Award Agreement. Anything
to the contrary herein notwithstanding, the granting of the Restricted Shares hereunder shall be subject to such compliance with
federal and state laws, rules and regulations applying to the authorization, issuance or sale of securities, and applicable stock
exchange requirements, as the Corporation deems necessary or advisable.

 

8.          No
Guarantee of Employment. Nothing contained in this Award Agreement or in the Plan, nor any action taken by the Corporation
or the Committee, shall confer upon the Grantee any right with respect to continuation of Grantee’s employment or other
service to the Corporation or any Subsidiary, nor interfere in any way with the right of the Corporation or any Subsidiary to
terminate Grantee’s employment or other service at any time, and if Grantee is an employee, the Grantee’s employment
is and shall remain employment at will, except as otherwise specifically provided by law or in an employment agreement between
the Grantee and the Corporation.

 

9.          Adjustments.
In the event of a merger, reorganization, consolidation, recapitalization, dividend or distribution (whether in cash, shares
or other property), share split, reverse share split, spin-off or similar transaction or other change in corporate structure affecting
the Common Shares or the value thereof, the rights of the Grantee shall be adjusted as provided in Section 10.1 of the Plan.

 

10.        Payment
of Taxes. The Grantee authorizes the Corporation to withhold from Grantee’s compensation to satisfy any income and
employment tax withholding obligations in connection with this Award Agreement. In the alternative, the Grantee agrees to transfer
sufficient cash to the Corporation to satisfy any income and employment withholding taxes. In connection with the foregoing,
the Grantee may, at his or her option, elect to recognize the fair value of the Restricted Shares upon the Grant Date pursuant
to Section 83 of the Internal Revenue Code of 1986, as amended. The Grantee is hereby advised to seek his own tax counsel regarding
the taxation of the grant of Restricted Shares made hereunder.

 

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11.        Limitation
on Obligations. The Corporation’s obligation with respect to the Restricted Share granted hereunder is limited solely
to the delivery to the Grantee of Common Shares on the date when such shares are due to be delivered hereunder, and in no way
shall the Corporation become obligated to pay cash in respect of such obligation. This Award Agreement shall not be secured by
any specific assets of the Corporation or any of its Subsidiaries, nor shall any assets of the Corporation or any of its subsidiaries
be designated as attributable or allocated to the satisfaction of the Corporation’s obligations under this Award Agreement.
In addition, the Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates
to the Grantee (or Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance
of the certificates or in the certificates themselves.

 

12.        Notices.
Any notices to be given to the Corporation under the terms of this Award Agreement shall be addressed to the Corporation in care
of its President, and any notices to the Grantee shall be addressed to the Grantee at the address stated in the Corporation’s
records.

 

13.        Governing
Law. Except to the extent governed by applicable United States federal law, or British Virgin Islands law, the validity,
interpretation, construction and performance of this Award Agreement, shall be governed by the laws of the State of Florida without
regard to its conflicts of law rules.

 

14.        Award
Agreement Subject to Plan. The Award Agreement shall be subject to all terms and provisions of the Plan, to the extent
applicable to the Restricted Shares. In the event of any conflict between this Award Agreement and the Plan, the terms of the
Plan shall control, it being understood that variations in this Agreement from terms set forth in the Plan shall not be considered
to be in conflict if the Plan permits such variations.

 

15.        Personal
Data. By entering into this Award Agreement, the Grantee consents to the disclosure, transfer and/or processing of any
relevant personal data in relation to the administration of the Plan by the Corporation or any third party authorized by the Corporation
to administer the Plan on its behalf, and in particular such processing as is necessary in relation to the Grantee holding the
Restricted Shares. The relevant personal data that will be processed includes but is not limited to name, employee number, hire
date, job title and location.

 

16.        Counterparts.
 This Award Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument.

 

17.        Complete
Agreement. This Award Agreement shall constitute the entire agreement between the parties hereto and shall supersede all
proposals, oral or written, and all other communications between the parties relating to the subject matter of this Award Agreement.

 

18.        Modifications.
The terms of this Award Agreement cannot be modified except in writing and signed by each of the parties hereto.

 

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IN WITNESS WHEREOF, the parties hereto
have executed this Award Agreement as of the Grant Date.

 

	 	DJSP ENTERPRISES, INC.
	 	 
	 	By:	 
	 	 
	 	Name:
	 	 
	 	Title:
	 	 
	 	GRANTEE
	 	 
	 	 

 

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