Document:

Proprietary Software License Agreement

 Exhibit 10.4 
 EXECUTION COPY 
 PROPRIETARY SOFTWARE LICENSE AGREEMENT 
 This PROPRIETARY SOFTWARE LICENSE AGREEMENT (this “Agreement”) is dated as of October 10, 2008, between Misys Open Source Solutions LLC, a Delaware
limited liability company, having a principal place of business at 103 Foulk Road, Suite 202, Wilmington, Delaware 19803 (“Licensor”) and Misys Healthcare Systems, LLC, a North Carolina limited liability company, having its
principal place of business at 8529 Six Forks Road, Raleigh, North Carolina 27615 (“Licensee”). Licensor and Licensee are referred to herein collectively as “Parties” and each individually as a
“Party”. 
 W I T N E S S E T H : 
 WHEREAS, Licensee is an Affiliate of Licensor, and both Licensor and Licensee are wholly-owned indirect subsidiaries of Misys plc, a public limited
company organized under the laws of England, having a principal place of business at One Kingdom Street, London W26BL, United Kingdom (“Misys”); 
 WHEREAS, at the Closing (as defined in the Agreement and Plan of Merger, dated as of March 17, 2008, by and among Misys, Licensee, Allscripts Healthcare Solutions Inc., a Delaware corporation, having its
principal place of business at 222 Merchandise Mart, Suite 2024, Chicago, IL 60654 (“Allscripts”) and Patriot Merger Company, LLC, a North Carolina limited liability company (the “Merger Agreement”)), Misys will
(i) cause Licensee to merge with a wholly-owned subsidiary of Allscripts, with Licensee as the surviving company and (ii) acquire, directly or indirectly, 54.5% of the equity interests in Allscripts on a fully-diluted basis
(as determined pursuant to the Merger Agreement); 
 WHEREAS, Section 5.2(e) of the Merger Agreement provides that no later than the
Closing Date (as defined in the Merger Agreement), Licensee shall transfer assets related to the products known as the Misys Connect products to Misys or its designee, and that Misys or its designee will, in consideration of such transfer, enter
into arrangements to provide Licensee with continued access to such assets; 
 WHEREAS, Misys has selected Licensor as its designee for
purposes of Section 5.2(e) of the Merger Agreement; 
 WHEREAS, pursuant to a Software Assignment Agreement of even date herewith,
Licensee transferred, assigned and delivered to Licensor all of Licensee’s right, title and interest in, to and under the software commonly referred to as Misys Connect and all intellectual property developed and owned by Licensee and used
solely in connection with Misys Connect, including software, copyrights, patents, trade secrets and non-software items relating thereto (the “Misys Connect Software”); 
 WHEREAS, the Misys Connect Software is comprised of both proprietary and open-source components, certain open-source components of which are being

 
licensed to Licensee by Licensor pursuant to the Apache License V2.0 (the “Open Source Software License Agreement”), and the proprietary
components of which and non-software items relating thereto are being licensed to Licensee by Licensor pursuant to this Agreement; and 
 WHEREAS, subject to the terms and conditions contained herein, Licensee desires to use, and Licensor is willing to license Licensee to use, the Licensed Works (as defined below) on the terms and conditions set forth herein. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 ARTICLE I 
 DEFINITIONS

 1.1. “Affiliate” means, with respect to any Person, another Person that, at the time of determination, directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the first Person, whether by contract, possession (directly or indirectly) of power to direct or cause the direction of the management or
policies of such entity or the ownership (directly or indirectly) of securities or other interests in such Person. 
 1.2. “Affiliate
Sublicensee” has the meaning set forth in Section 2.2. 
 1.3. “Agreement” has the meaning set forth in the
preamble. 
 1.4. “Allscripts” has the meaning set forth in the second WHEREAS clause. 
 1.5. “Confidential Information” means all written or oral information disclosed by either Party to the other relating to the business of
either Party that has been identified as confidential or that by the nature of the circumstances surrounding disclosure ought to be treated as confidential. Without limiting the foregoing, Confidential Information shall include, but not be limited
to, information regarding either Party (or information of an Affiliate or third party which the disclosing party is required to maintain as confidential) that pertains to the financial condition of such Party (or Affiliate or third Person), other
financial information, business plans and processes, trade secrets, proprietary technical information, know-how, inventions, techniques, software (including, but not limited to, the Proprietary Misys Connect Software and Improvements, Maintenance
Releases and Upgrades), documentation (including, but not limited to, the Proprietary Misys Connect Software Documentation), personnel records, sales data and contractual arrangements between such Party or an Affiliate and a third Person.
Notwithstanding the definition set forth herein, Confidential Information shall not include information that: (i) is publicly available or in the public domain at the time disclosed; (ii) is or becomes publicly available or
enters the public domain through no fault of the recipient; (iii) is rightfully communicated to the recipient by Persons not bound by confidentiality obligations with respect thereto; (iv) is already in the recipient’s

  

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possession free of any confidentiality obligations with respect thereto at the time of disclosure; (v) is independently developed by the
recipient; (vi) is approved for release or disclosure by the disclosing Party without restriction; (vii) is disclosed in response to an order of a court or other governmental body, provided that the Party making
the disclosure pursuant to the order shall first have given notice to the other Party and made a reasonable effort to obtain a protective order; (viii) is otherwise required by law or regulation to be disclosed; (ix) is
commingled with other third Person information for statistical purposes; or (x) is disclosed to establish a Party’s rights under this Agreement, including to make such court filings as may be required to do so. 
 1.6. “End User License Agreement” has the meaning set forth in Section 2.3. 
 1.7. “Existing Customers” has the meaning set forth in Section 2.4. 
 1.8. “Field of Use” means healthcare information technology products and services. 
 1.9. “Improvements” has the meaning set forth in Section 3.1(a). 
 1.10. “Licensed Software” means the object code form of Licensed Works and written documentation related thereto that is licensed by
Licensee or its Affiliate Sublicensees to their respective customers. 
 1.11. “Licensed Works” means the Proprietary Misys
Connect Software and the Proprietary Misys Connect Software Documentation. 
 1.12. “Licensee” has the meaning set forth in
the preamble. 
 1.13. “Licensee Improvements” has the meaning set forth in Section 9.3(c). 
 1.14. “Licensor” has the meaning set forth in the preamble. 
 1.15. “Maintenance Releases” means releases of the Proprietary Misys Connect Software or part thereof in source code and object code
versions designed to correct errors and otherwise cause the Proprietary Misys Connect Software to substantially conform to the operational features detailed in the Proprietary Misys Connect Software Documentation. 
 1.16. “Merger Agreement” has the meaning set forth in the second WHEREAS clause. 
 1.17. “Misys” has the meaning set forth in the first WHEREAS clause. 
 1.18. “Misys Connect Software” has the meaning set forth in the fifth WHEREAS clause. 
  

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 1.19. “Open Source Software License Agreement” has the meaning set forth in the sixth
WHEREAS clause. 
 1.20. “Open-Sourced Works” has the meaning set forth in Section 2.8. 
 1.21. “Parties” and “Party” each have the meaning set forth in the preamble. 
 1.22. “Person” means an individual, corporation, partnership, joint venture, association, trust, limited liability company, Governmental
Entity (as such term is defined in the Merger Agreement), unincorporated organization or other entity. 
 1.23. “Proprietary Misys
Connect Software” means the proprietary components of the Misys Connect Software set forth on Exhibit A attached hereto and made a part hereof, in both source code and object code forms, in such forms and media as they shall exist from time
to time. 
 1.24. “Proprietary Misys Connect Software Documentation” means all non-software items identified on Exhibit A
hereto. 
 1.25. “Shared Services Agreement” means that certain Shared Services Agreement to be executed following the
Closing Date (as defined in the Merger Agreement) between Misys and Allscripts. 
 1.26. “Territory” means worldwide.

 1.27. “Upgrades” means software in source code and object code versions that accomplishes performance, structural or
functional improvements or changes, or adds features to, whether by modification, adaptation, replacement, supplement or revision, or that is a derivative work of, the Proprietary Misys Connect Software. 
 1.28. “Virus” means malicious code, whether or not capable of replication or attachment to disks or other files, that is capable of
performing an illicit activity or replicating itself on a computer or network of computers and thereby of damaging other computer programs or data located on such computer or network or otherwise causing a defect in the operation of such computer or
network, including by causing any computer data, memory, or related hardware to become, without specific user instructions, erased, altered or unusable. The term “Virus” includes, but is not limited to, viruses, Trojan horses, time bombs,
worms or similar malicious software, programs or files. 
  

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 ARTICLE II 
 LICENSE 
 2.1. Grant of License. Subject to the terms and conditions contained herein, Licensor
hereby grants to Licensee: 
 (a) a nonexclusive, royalty-free right and license to use, access, reproduce, store, perform, sublicense to
certain of its Affiliates as contemplated in Section 2.2 herein, transmit, display, modify, customize, translate and create derivative works from the Licensed Works in the Territory within the Field of Use; provided that, in the event
that Misys no longer commercially licenses products and services within the Field of Use, the license granted to Licensee under this Section 2.1(a) shall become exclusive; 
 (b) the nonexclusive, royalty-free right and license to grant sublicenses of the Licensed Software, either alone, or bundled with Licensee’s, its
Affiliates’ or third-party software, for use by Licensee’s and its Affiliate Sublicensees’ (as defined below) customers within the Field of Use. 
 2.2. Affiliate Sublicensees. Licensee may sublicense any of its rights or delegate any of its obligations under this Agreement with respect to the Licensed Works to either (a) Allscripts or
(b) an entity which is directly or indirectly wholly-owned by Allscripts (each such entity described in clauses (a) and (b) of this sentence, an “Affiliate Sublicensee”), including, but not limited to, the
right to grant further sublicenses of the Licensed Software to the customers of such Affiliate Sublicensees within the Field of Use in the Territory, provided that (i) any such Affiliate Sublicensee’s use of the
Licensed Works remains subject to the terms and conditions of this Agreement, and (ii) Licensee shall be responsible for ensuring that each Affiliate Sublicensee performs in accordance with the terms and conditions of this Agreement. Any
sublicense granted to an Affiliate Sublicensee hereunder shall contain provisions that (x) Licensor shall be a third-party beneficiary of such sublicense and (y) the sublicense will, at Licensor’s option, be deemed
automatically assigned by Licensee to Licensor upon any termination of this Agreement. Any End User License Agreement (as defined below) granted to a customer of any Affiliate Sublicensee pursuant to Section 2.3 herein shall survive any
termination of this Agreement and Licensor may, at its option, assume such End User License Agreement in the event that this Agreement terminates. Except for the right to enter into sublicenses with customers pursuant to Section 2.3 herein, no
Affiliate Sublicensee shall be permitted to sublicense to any other Person the rights granted to it with respect to the Licensed Works. 
 2.3. Customer Licenses. The Licensed Software that Licensee or its Affiliate Sublicensees license to customers shall be licensed in object code form (i.e., non-printed, machine readable form) only, for customers’
use, including for the making of backup copies and for disaster recovery purposes. Licensee further agrees to cause its customers to reproduce and incorporate all copyright, trademark and other proprietary notices contained in any copies of the
Licensed Software it licenses to customers. Any 

  

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end user license agreement between Licensee or any of its Affiliate Sublicensees and any of their respective customers covering the Licensed Software (each,
an “End User License Agreement”) must be consistent with the terms of this Agreement and contain provisions stating that the End User License Agreement (i) will survive any termination of this Agreement and that Licensor
may, at its option, assume such End User License Agreement in the event that this Agreement terminates and (ii) cannot be assigned, sublicensed or otherwise transferred by the customer without the prior written consent of Licensee or its
Affiliate Sublicensee (as applicable), except in the event of the assignment or sale of all or substantially all of the customer’s assets, or any merger, consolidation or other business consolidation to which the customer is a party.

 2.4. Existing Customers. Licensor acknowledges that as of the date of this Agreement, Licensee licenses the Misys Connect Software
to certain of its customers (“Existing Customers”) and agrees that Licensee may continue to license the Misys Connect Software to such Existing Customers under the terms and conditions of their current agreements; provided
that Licensee shall use reasonable efforts to transition all Existing Customers to End User License Agreements consistent with the terms and conditions hereof as soon as possible and shall use reasonable efforts to do so prior to the first
anniversary of the date hereof. 
 2.5. Delivery. Licensor and Licensee acknowledge and agree that Licensee is in possession of the
Proprietary Misys Connect Software and Proprietary Misys Connect Software Documentation as it exists on the date hereof in source code and object code form and that no delivery thereof is required; provided, however, in the event
Licensee is not in the possession of the aforementioned Proprietary Misys Connect Software or Proprietary Misys Connect Documentation, Licensor shall provide a copy to Licensee upon Licensee’s written request. Promptly after completion thereof,
Licensor shall deliver to Licensee any Proprietary Misys Connect Software that Licensor creates after the date hereof. 
 2.6. Compliance
with Laws. Licensee shall at all times comply with all laws, decrees and regulations applicable to this Agreement and the Licensed Works. Except as otherwise expressly stated herein, the Parties specifically waive and disclaim the applicability
of the Uniform Commercial Code, Uniform Electronic Transactions Act and Uniform Computer Information Transactions Act to this Agreement. 
 2.7. Restriction on Licenses. Neither Party shall license the use of any proprietary adapter that is part of the Licensed Works or any Improvements thereto if such license would make available to a competitor of the other Party the
confidential proprietary intellectual property of such other Party, without the prior consent of the other Party. 
 2.8. Conversion to
Open-Source License. Licensor may at any time license, or make available for license, any of the Licensed Works or any component thereof pursuant to any open-source license (such works, “Open-Sourced Works”); provided
that (i) Licensor provides Licensee with thirty (30) days advance notice of its intent to do so and (ii) the source code for any such Open-Sourced Works does not, 

  

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without Licensee’s prior consent thereto, disclose the proprietary intellectual property of Licensee in the data structures of the Meditech, MyWay or
Allscripts proprietary adapters; provided further that Licensor shall, promptly following the reasonable request of Licensee, discuss with Licensee any questions or concerns Licensee may have with respect to the disclosure of
the proprietary data structures of such proprietary adapters that are or may become Open-Sourced Works. At Licensee’s option, such Open-Sourced Works shall become subject to the Open Source Software License Agreement or another form of software
license approved by the Open Source Initiative that has substantially similar terms and shall thereupon cease to be licensed hereunder. For the avoidance of doubt, all Licensed Works or components thereof that remain proprietary shall continue to be
licensed hereunder. 
 2.9. Works Under Development. The Parties agree that, notwithstanding any provision of this Agreement or the
Shared Services Agreement to the contrary, neither Party shall be subject to a double recovery for a single claim with respect to the Works Under Development (as defined in Schedule F to the Shared Services Agreement) that arises under both this
Agreement and the Shared Services Agreement and the Parties shall negotiate in good faith under which agreement such claim will be resolved. 
 ARTICLE III 
 INTELLECTUAL PROPERTY RIGHTS 
 3.1. Ownership of Licensed Works and Improvements. 
 (a) Licensor shall have sole and exclusive
ownership of all right, title and interest in and to the Proprietary Misys Connect Software. Licensor shall also have sole and exclusive ownership of all right, title and interest in and to all other Licensed Works, and all copies and portions
thereof, existing as of the date hereof, and all modifications, enhancements and updates to and derivative works (collectively, “Improvements”) made by Licensor, or on Licensor’s behalf, based upon the Licensed Works. Licensee
shall have sole and exclusive ownership of all Improvements made by Licensee, or on Licensee’s behalf, based upon the Licensed Works. 
 (b) Licensee acknowledges the validity of the Licensed Works and that the Licensed Works are and will remain the exclusive property of Licensor, and Licensee agrees that it will not, directly or indirectly, challenge the validity of the
Licensed Works, or any copyright or other intellectual property registrations or applications thereof in any jurisdiction, or the right, title and interest of Licensor therein and thereto, nor will it claim any ownership or other interest in the
Licensed Works in any jurisdiction, other than the rights expressly granted hereunder. Licensee agrees that it shall not at any time knowingly do or suffer to be done any act or thing that will in any way impair the rights of Licensor in and to the
Licensed Works. Nothing in this Agreement grants, nor shall Licensee acquire hereby, any right, title or interest in or to the Licensed Works other than those rights expressly granted hereunder. 
  

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 3.2. Proprietary Notices. Licensee shall ensure that all copyright, trademark and other
proprietary notices contained in any copies of the Licensed Works it distributes internally or to third parties are attributed to Licensor, as appropriate. 
 ARTICLE IV 
 MAINTENANCE; UPGRADES 
 4.1. Maintenance and Support Services. Licensee shall have sole responsibility for providing maintenance and support services to its or its
Affiliate Sublicensees’ customers who are or who will be using the Licensed Software. 
 4.2. Maintenance Releases and Upgrades.
Licensee and its Affiliate Sublicensees may, in connection with providing maintenance and support services to their respective customers, produce Maintenance Releases and Upgrades in object code form for distribution to customers who are or who will
be using the Licensed Software. 
 ARTICLE V 
 CONFIDENTIALITY 
 5.1. Confidential Information. The Parties acknowledge that during the performance
of this Agreement, each Party will have access to certain of the other Party’s Confidential Information or Confidential Information of its Affiliates or third Persons that the disclosing Party is required to maintain as confidential, and each
Party hereby agrees that it will protect such Confidential Information of the other Party, its Affiliates or third Persons with the same degree of care that it uses to protect its own Confidential Information of like nature, but no less than a
reasonable degree of care. Licensor and Licensee agree not to disclose Confidential Information of the disclosing Party, its Affiliates or such third Person, as applicable, to any third Person without the prior written consent of the disclosing
Party or any such Affiliate or third Person. The receiving Party may disclose Confidential Information of the disclosing Party, its Affiliates or such third Person, as applicable, on a need-to-know basis only, to the receiving Party’s employees
and/or authorized agents who are bound by obligations of confidentiality as least as restrictive as those contained herein, and each Party shall be responsible for ensuring compliance with the terms hereof by Persons to whom it discloses the
Confidential Information of the other. Both Parties agree that all items of Confidential Information are proprietary to the disclosing Party or such Affiliate or third Person, as applicable, and shall remain the sole property of the disclosing Party
or such Affiliate or third Person. Each Party shall only be entitled to use Confidential Information for the purpose intended hereunder. Each Party shall promptly notify the other Party immediately upon its becoming aware of a breach of the
obligations set forth in this Section 5, and each Party shall assist the other Party in investigating and pursuing such breach. 
 5.2.
Confidentiality of Source Code. Notwithstanding the terms of Section 5.1, Licensee agrees and shall cause its Affiliates (i) to maintain in confidence the source code of the Proprietary Misys Connect Software and any
Improvements, 

  

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Maintenance Releases and Upgrades thereto by using at least the same physical and other security measures as Licensee uses for its own confidential technical
information and documentation, and no less than a reasonable degree of care; and (ii) not to disclose the source code of the Proprietary Misys Connect Software and any Improvements, Maintenance Releases and Upgrades thereto, or any
aspect thereof, to anyone other than employees, contractors or agents who (a) have a need to know or obtain access to such information in order to support Licensee’s or its Affiliate Sublicensees’ authorized use of the Licensed
Works and (b) are bound to protect such information against any other use or disclosure. Licensee’s obligations under this Section 5.2 shall not apply to any information (w) generally available to the public,
(x) ascertainable based on the operation of the object code of the Licensed Works, (y) independently developed or obtained without reliance on Licensor’s information or (z) approved for release by Licensor
without restriction. 
 ARTICLE VI 
 INFRINGEMENT 
 6.1. Licensee shall promptly notify Licensor upon becoming aware of any infringement or misappropriation of the
Licensed Works or any infringement or misappropriation of any other intellectual property pertaining to the Licensed Works but not embodied in the Licensed Works, including, but not limited to, Licensor’s copyrights, trade secrets, inventions,
know-how, technology, processes, product specifications and methodologies. Licensor has the exclusive right to take, and shall take, such steps to stop such infringement as may be reasonably necessary in its reasonable determination to protect the
Licensed Works and Licensor’s other intellectual property related thereto. Licensee shall, and shall cause its Affiliates to, cooperate fully with Licensor to stop such infringement. Licensor shall have full control over any such action,
including, without limitation, the right to select counsel, to settle on any terms it deems advisable in its discretion, to appeal any adverse decision rendered in any court, to discontinue any action taken by it, and otherwise to make any decision
in respect thereto as it deems advisable in its discretion. Licensor shall bear all expenses connected with the foregoing, including for Licensee’s or its Affiliates’ cooperation. To the extent Licensee or any of its Affiliates has proven
damages resulting from such infringement, Licensee or such Affiliate shall share in the amount recovered, if any, net of Licensor’s expenses in connection with such action, pro-rata with Licensor’s damages in such action. 
 ARTICLE VII 
 LIMITATION OF LIABILITY

 7.1. NEITHER PARTY OR ITS AFFILIATES SHALL HAVE LIABILITY FOR SPECIAL, INDIRECT, CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR INCIDENTAL DAMAGES
OR FOR ANY DAMAGES WHATSOEVER RESULTING FROM UNAUTHORIZED ACCESS TO THE LICENSED WORKS, LOSS OF USE, LOSS OF DATA, LOSS OF PROFITS, LOSS OF GOODWILL, ADDITIONAL EMPLOYEE HOURS OR LOSS OF ANTICIPATED 

  

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SAVINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR IN THE PERFORMANCE THEREOF, EVEN IF A PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES
OR DAMAGES AND REGARDLESS OF WHETHER SUCH LIABILITY ARISES IN TORT, CONTRACT, BREACH OF WARRANTY, OR OTHERWISE. THE FOREGOING LIMITATION OF LIABILITY SHALL REMAIN IN FULL FORCE AND EFFECT REGARDLESS OF THE SUCCESS OR EFFECTIVENESS OF OTHER REMEDIES.

 7.2. THE CUMULATIVE LIABILITY OF EITHER PARTY OR ITS AFFILIATES FOR ALL LOSS AND DAMAGE WHATSOEVER AND HOWSOEVER ARISING RELATED TO THIS
AGREEMENT SHALL NOT EXCEED ONE MILLION UNITED STATES DOLLARS ($1,000,000). THE FOREGOING LIMITATION OF LIABIILTY SHALL REMAIN IN FULL FORCE AND EFFECT REGARDLESS WHETHER A PARTY’S REMEDIES HEREUNDER HAVE FAILED THEIR ESSENTIAL PURPOSE.

 ARTICLE VIII 
 REPRESENTATIONS
AND WARRANTIES 
 8.1. Representations and Warranties of the Parties. Each Party represents and warrants that it has executed this
Agreement freely, fully intending to be bound by the terms and provisions contained herein; that it has full corporate power and authority to execute, deliver and perform this Agreement; that the Person signing this Agreement on behalf of such Party
has properly been authorized and empowered to enter into this Agreement by and on behalf of such Party; that prior to the date of this Agreement, all corporate or company action of such Party necessary for the execution, delivery and performance of
this Agreement by such Party has been duly taken; and that this Agreement has been duly authorized and executed by such Party, is the legal, valid and binding obligation of such Party, and is enforceable against such Party in accordance with its
terms. 
 8.2. DISCLAIMER. THE LICENSED WORKS ARE LICENSED “AS IS, WHERE IS” AND WITH ALL FAULTS AND, WITH THE EXCEPTION OF
THE WARRANTIES EXPRESSLY MADE BY LICENSOR UNDER THIS AGREEMENT, LICENSOR MAKES AND LICENSEE RECEIVES NO OTHER WARRANTY, EXPRESS OR IMPLIED, AND ANY AND ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NONINFRINGEMENT OR
COMPLIANCE WITH LAW ARE EXPRESSLY EXCLUDED. LICENSOR DOES NOT REPRESENT THAT THE LICENSED WORKS WILL MEET LICENSEE’S REQUIREMENTS, OR THAT THE OPERATION OF THE LICENSED WORKS WILL BE UNINTERRPUTED OR ERROR FREE. 
  

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 ARTICLE IX 
 TERM; TERMINATION 
 9.1. Term. The term of this Agreement shall become effective as of the date
hereof, and shall continue in effect until terminated in accordance with the provisions of Section 9.2. 
 9.2. Termination.

 (a) Licensor may terminate this Agreement upon written notice to Licensee, if: 
 (i) Licensee breaches any provision of this Agreement and fails to cure such breach within sixty (60) days after the date of
Licensor’s written notice thereof (or, if not curable within such period, within ninety (90) days; provided such Party has commenced and continues diligently to pursue such cure). 
 (ii) Licensee files, or consents to the filing against it of, a petition for relief under any bankruptcy or insolvency laws, makes an
assignment for the benefit of creditors or consents to the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or other official with similar powers over a substantial part of its property; or a court having
jurisdiction over Licensee or any of the property of Licensee shall enter a decree or order for relief in respect thereof in an involuntary case under any bankruptcy or insolvency law, or shall appoint a receiver, liquidator, assignee, custodian,
trustee, sequestrator or official with similar powers over a substantial part of the property of Licensee, or shall order the winding-up, liquidation or rehabilitation of the affairs of Licensee, and such order or decree shall continue in effect for
a period of sixty (60) consecutive days. 
 (b) Licensor may terminate a sublicense with an Affiliate Sublicensee upon written notice to
Licensee, if: 
 (i) Licensee fails to cause such Affiliate Sublicensee to cure such breach within sixty (60) days after
the date of Licensor’s written notice to Licensee thereof (or, if not curable within such period, within ninety (90) days; provided such Affiliate Sublicensee has commenced and continues diligently to pursue such cure). 

(ii) The Affiliate Sublicensee files, or consents to the filing against it of, a petition for relief under any bankruptcy or insolvency
laws, makes an assignment for the benefit of creditors or consents to the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or other official with similar powers over a substantial part of its property; or a court
having jurisdiction over such Affiliate Sublicensee or any of the property of such Affiliate Sublicensee shall enter a decree or order for relief in respect thereof in an 

  

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involuntary case under any bankruptcy or insolvency law, or shall appoint a receiver, liquidator, assignee, custodian, trustee, sequestrator or official with
similar powers over a substantial part of the property of such Affiliate Sublicensee, or shall order the winding-up, liquidation or rehabilitation of the affairs of such Affiliate Sublicensee, and such order or decree shall continue in effect for a
period of sixty (60) consecutive days. 
 (c) Licensee may terminate this Agreement at any time, at its option, by providing written
notice of termination to Licensor thirty (30) days in advance of the date of termination. 
 (d) Notwithstanding anything to the
contrary contained herein, termination of this Agreement by either Party in whole or in part shall be without prejudice to any other remedy otherwise available hereunder, under law or at equity, to such Party or the other Party. 
 (e) Notwithstanding anything to the contrary contained in this Agreement, the rights and obligations of Licensor and Licensee pursuant to the third
sentence of Section 2.2, clause (i) of the third sentence of Section 2.3, Sections 3.1, 8.2, 9.2(d) and 9.3, Articles 5, 6, 7 and 10 and this Section 9.2(e) shall survive indefinitely regardless of any cancellation, expiration or
termination of this Agreement. 
 9.3. Effects of Termination. Any termination of this Agreement or a sublicense with an Affiliate
Sublicensee in accordance with the terms hereof shall be final. Upon the termination of this Agreement: 
 (a) All rights in the Licensed
Works granted to Licensee or such Affiliate Sublicensee hereunder shall automatically revert to Licensor, and Licensee or such Affiliate Sublicensee shall have no further rights in, and shall immediately cease all use of, the Licensed Works and
Licensed Software, except that Licensee or such Affiliate Sublicensee shall have a 90-day period after termination to transition away from use of the Licensed Software; and 
 (b) Licensee or such Affiliate Sublicensee shall immediately (i) at the request of Licensor, provide Licensor with a copy of the then-current
version of the Licensed Works as modified by Licensee or any Affiliate Sublicensee (in both source code and object code versions) and (ii) return or destroy, as requested by Licensor, all copies of the Licensed Works or Licensed Software in its
possession (whether modified or unmodified) not provided to Licensor. Within thirty (30) days after such returns and/or destruction have taken place, Licensee or such Affiliate Sublicensee shall provide Licensor with an affidavit executed by an
officer of Licensee or such Affiliate Sublicensee attesting thereto. 
 (c) At the request of Licensor, Licensee shall promptly provide
Licensor with copies of the then-current form of the Improvements made by Licensee or any Affiliate Sublicensees or on their behalf, in both source code and object code forms (the “Licensee Improvements”) and hereby grants to
Licensor, effective as of Licensor’s 

  

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request for such copies, a nonexclusive, royalty-free right and license to use, access, reproduce, store, perform, sublicense to its Affiliates, transmit,
display, modify, customize, translate and create derivative works from the Licensee Improvements in the Territory within the Field of Use solely in order to provide maintenance and support services to those customers of Licensee and its Affiliate
Sublicensees who have End User License Agreements in effect as of the date of termination of this Agreement. 
 ARTICLE X 
 MISCELLANEOUS 
 10.1. Assignment.
Neither Party shall assign or attempt to assign its rights or obligations hereunder without the other Party’s prior written consent; provided, however, that no such consent shall be required for an assignment in connection
with (i) any assignment to an Affiliate of the assigning Party; (ii) any assignment or sale of all or substantially all of the equity or similar interests of Allscripts that are owned by Misys; (iii) any
assignment or sale of all or substantially all of the business comprising Misys Open Source Solutions, a division of Misys; or (iv) any assignment or sale of all or substantially all of Licensor’s, Misys’s or Licensee’s
assets, or any merger, consolidation or other business combination to which Licensor, Misys or Licensee is a party. Any assignment or attempt to do so in violation of this Agreement shall be null and void. This Agreement shall be binding upon and
inure to the benefit of the Parties and their respective heirs, successors and permitted assigns. 
 10.2. Entire Agreement. This
Agreement constitutes the entire agreement between Licensor and Licensee with respect to the subject matter hereof and supersedes and cancels all prior agreements and understandings between Licensor and Licensee, whether written and oral, with
respect thereto. 
 10.3. Amendment; Waivers. This Agreement shall not be amended, supplemented or modified except in a writing
executed by authorized representatives of the Parties. Waiver by a Party of any breach of any provision of this Agreement by the other Party shall not operate, or be construed, as a waiver of any subsequent or other breach. 
 10.4. No Agency. Licensor and Licensee are independent contractors with respect to each other, and nothing herein shall create any association,
partnership, joint venture or agency relationship between them. 
 10.5. Further Assurances. Each of the Parties hereto agrees to
execute all such further instruments and documents and to take all such further action as the other Party may reasonably require in order to effectuate the terms and purposes of this Agreement. The Parties shall act in good faith in the performance
of their obligations under this Agreement. 
 10.6. Severability. If any provision of this Agreement is inoperative or unenforceable
for any reason in any jurisdiction, such circumstances shall not have the 

  

 13 

 
effect of rendering the provision in question inoperative or unenforceable in any other case, circumstance or jurisdiction, or of rendering any other
provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatsoever. The invalidity of any one or more phrases, sentences, clauses, Sections or subsections of this Agreement in any jurisdiction shall not affect
the remaining portions of this Agreement in such jurisdiction or in any other jurisdiction. 
 10.7. Waiver of Jury Trial. EACH PARTY
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE BREACH, TERMINATION OR VALIDITY OF THIS AGREEMENT, OR THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) IT MAKES THIS WAIVER VOLUNTARILY, AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.7. 
 10.8. Governing Law. This
agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to its principles or rules of conflict of laws to the extent such principles or rules are not mandatorily applicable by statute
and would require or permit the application of the laws of another jurisdiction. For purposes of any claim, suit, action or proceedings arising out of or in connection with this Agreement, each of the parties hereby irrevocably submits to the
exclusive jurisdiction of the federal and state courts located in the County of New York in the State of New York. 
 10.9. Equitable
Relief. Each Party hereto acknowledges that the other Party will suffer irreparable harm as a result of the material breach by such Party of any covenant or agreement to be performed or observed by such Party under this Agreement, and
acknowledges that the other Party shall be entitled to apply for and, if granted, receive from any court or administrative body of competent jurisdiction a temporary restraining order, preliminary injunction and/or permanent injunction, without any
necessity of proving damages, enjoining the breaching Party from further breach of this Agreement or further infringement or impairment of the rights of the non-breaching Party. 
 10.10. Force Majeure. Any delay in or failure of performance by a Party under this Agreement shall not be considered a breach of this Agreement if
and solely to the extent such breach is caused by events beyond the reasonable control of such Party, including, but not limited to, Acts of God, embargoes, governmental restrictions, strikes, riots, terrorist attacks, wars, or other military
action, civil disorders, rebellion, fires, floods, vandalism, power outages or sabotage. The Party whose performance is affected 

  

 14 

 
by such events shall promptly give notice to the other, specifying the force majeure circumstances, and the obligations of such Party giving notice shall be
suspended solely to the extent caused by the force majeure and so long as the force majeure continues, and the time for performance of the affected obligation shall be extended by the time of the delay caused by such force majeure. 
 10.11. Notices. All notices, requests, demands and other communications made in connection with this Agreement shall be in writing and shall be
deemed to have been duly given (a) if sent by first-class registered or certified mail, return receipt requested, postage prepaid, on the fifth day following the date of deposit in the mail, (b) if delivered personally, when
received, or (c) if transmitted by facsimile or other telegraphic communications equipment, when confirmed, in each case addressed as follows: 
 If to Licensor, to: 
 Misys Open Source Solutions LLC 
 c/o Misys plc 
 One Kingdom Street

 London W2 6BL 
 United
Kingdom 
 Telecopy:      + 44 (0)20 3320 5000 
 Telephone:    +44 (0)20 3320 1771 
 Attention:      Group General Counsel & Company Secretary 
 If to
Licensee, to: 
 Misys Healthcare Systems, LLC 
 8529 Six Forks Road 
 Raleigh, North Carolina 27615 
 Telecopy:      (919) 457-4982 
 Telephone:    (919) 329-1982 
 Attention:      Corporate
Counsel 
 or, in each case, to such other address or facsimile number or to the attention of such other Person as may be specified in writing by such Party
to the other Party. 
 10.12. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original and all of which when taken together shall be one and the same instrument. 
 10.13. Headings. The headings contained in
this Agreement are for purposes of convenience only and shall not affect the meaning or interpretation of this Agreement. 
  

 15 

 10.14. Construction of this Agreement. In any construction of this Agreement, the Agreement shall
not be construed against any Party based upon the identity of the drafter of the Agreement or any provision of it. 
  

 16 

 EXECUTION COPY 
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. 
  

			
	MISYS OPEN SOURCE SOLUTIONS LLC
		
	By:	 	 /s/ Darryl E. Smith

	Name:	 	Darryl E. Smith
	Title:	 	
	
	MISYS HEALTHCARE SYSTEMS, LLC
		
	By:	 	 /s/ Kathy F. Twiddy

	Name:	 	Kathy F. Twiddy
	Title:	 	SVP, General Counsel

  

 17Team, Inc. 2006 Stock Incentive Plan

 Exhibit 10.1 
 TEAM, INC. 
 2006 STOCK INCENTIVE PLAN 

(AS AMENDED AND RESTATED AUGUST 1, 2008) 
 WHEREAS, the Team, Inc. 2006 Stock Incentive Plan (the “Plan”) was adopted by the Board of Directors of Team, Inc. (the “Company”)
effective on August 1, 2006, and was approved by the shareholders at the Company’s 2006 annual shareholders’ meeting; and 
 WHEREAS, it is desirable that the Plan be amended and restated, effective August 1, 2008, to provide for the award of performance-based incentives qualifying under Section 162(m) of the Internal Revenue Code of 1986, as amended;

 NOW, THEREFORE, the following Amended and Restated Plan is hereby adopted and approved, effective August 1, 2008. 
 I. INTRODUCTORY PROVISIONS; DEFINITIONS 
  

	1.	History and Purpose. The Plan is an amendment and complete restatement of the Company’s 2006 Stock Incentive Plan. The Plan is intended to advance the interests of the
Company, its shareholders, and its subsidiaries by encouraging and enabling selected key employees of the Company, directors, consultants and advisors upon whose judgment, initiative and effort the Company is largely dependent for the successful
conduct of its business, to acquire and/or increase and retain a proprietary interest in the Company by ownership of its stock. 

  

	2.	Definitions. 

 “Act” means the Securities
Exchange Act of 1934, as amended. 
 “Affiliates” means, except to the extent otherwise not permitted under Section 424(f) of
the Code, any one or more corporations which are members of a “parent-subsidiary controlled group” as such term is defined in Section 1563(a)(1) of the Code, except that “at least 50 percent” shall be substituted for
“at least 80 percent” each place it appears in Section 1563(a)(1) of the Code. 
 “Award” means any form of award
authorized and granted under the Plan, whether singly or in combination pursuant to such terms, conditions, restrictions and/or limitations (if any) as the Committee may establish. Awards granted under the Plan may include: 
 (i) Options; 
 (ii) Restricted Stock;

 (iii) Stock Appreciation Rights; and 

 (iv) Stock Units and Performance Awards. 
 “Board” means the Board of Directors of the Company. 
 “Change of Control” means (i) a merger or consolidation of the Company with or into another corporation in which the Company shall not be the surviving corporation other than a transaction undertaken in
order to reincorporate in another state (for purposes thereof, the Company shall not be deemed the surviving corporation in any such transaction if, as the result thereof, it becomes a wholly-owned subsidiary of another corporation); (ii) any
sale of all or substantially all of the assets of the Company; (iii) the complete liquidation of the Company; or (iv) the acquisition of “beneficial ownership” (as defined in Rule 13d-3 under the Act) of securities of the Company
representing 50% or more of the combined voting power of the Company’s then outstanding securities by any “person,” as such term is used in Sections 13(d) and 14(d) of the Act, other than the Company, any trustee or other fiduciary
holding securities under an employee benefit plan of the Company, or any entity owned directly or indirectly by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company; provided, however, that
in no event shall a Change of Control include any transaction following which the former shareholders of the Company continue to represent more than 50% of the combined voting power of the Company’s then outstanding securities, in substantially
the same proportions as prior to the transaction. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Compensation Committee, or such other committee comprised solely of “non-employee directors,” as defined in
Rule 16b-3(b)(3) promulgated under the Act as designated by the Board of Directors, vested with authority for administration of the Plan by the Board. 
 “Common Stock” or “Stock” means the Company’s $0.30 par value common stock. 
 “Date of Grant” means the date on which an Award is granted under the Plan. 
 “Exercise Price” means a price
per share of Common Stock that is equal to one hundred percent (100%) of the Fair Market Value of a share of Common Stock on the last date preceding the Date of Grant on which sales of the Common Stock occurred on the American Stock Exchange or
other primary market or exchange on which the Common Stock traded. 
 “Fair Market Value” of Common Stock as of a given date shall
mean the closing sales price of the Common Stock on the applicable exchange or market on the trading day immediately preceding the date as of which Fair Market Value is to be determined or, in the absence of any reported sales of Common Stock on
such date, on the first preceding date on which any such sale shall have been reported; provided, however, that if the Common Stock does not trade on the relevant date, such price shall 

 
be determined based upon the closing price of the Common Stock on the next preceding date on which trades occurred; and provided further, however, that
should the primary market or exchange on which the Common Stock is traded adopt a continuous twenty-four hour trading policy, “Fair Market Value” for purposes of this Plan shall mean the price of the Common Stock on the last trade prior to
4:30 p.m., New York time. 
 “Incentive Stock Option” means an Option intended to qualify, and which qualifies as, an
“incentive stock option” under Section 422 of the Code. 
 “Non-qualified Stock Option” means an Option not intended
to be (as set forth in the Option Agreement), or which does not qualify as, an Incentive Stock Option. 
 “Option” means an option
granted under the Plan. 
 “Optionee” means a person to whom an Option, which has not expired, has been granted under the Plan.

 “Participant” means an employee, director, consultant or advisor to the Company, who is granted an Award under the Plan.

 “Performance-Based Award” means the right of a Participant to receive Stock or cash upon achieving Performance Goals as described
in Part VI. 
 “Performance Share Award” means the right of a Participant to receive Stock or cash upon satisfaction of performance
conditions as described in Part V. 
 “Performance Cycle” means the period determined by the Committee over which the
Company’s level of attainment of a Performance Measure shall be determined. 
 “Performance Goals” means, with respect to any
Performance-Based Award, one or more targets, goals or levels of attainment required to be achieved in terms of the specified Performance Measure during a fiscal year or specified Performance Cycle, as applicable. 
 “Performance Measure” means, with respect to any Performance-Based Award, the business criteria established by the Committee to measure the
level of performance of the Company as a whole or a division or a business unit of the Company during the fiscal year or Performance Cycle, as applicable. The Committee may select as the Performance Measure any one or combination of financial
measures, as interpreted by the Committee, which (to the extent applicable) can be determined either on a pro forma or GAAP basis, and either pre-tax or after-tax, including: earnings per share, return on equity, return on invested capital, relative
total shareholder return, revenue growth, Stock performance, net income, return on sales, return on assets, economic value added, cash flow, operating profits and net operating income. 

 “Permitted Transferees” means members of the immediate family of the Participant, trusts for
the benefit of such immediate family members, and partnerships in which substantially all of the interests are held by the Participant and members of his or her immediate family. An immediate family member shall mean any descendant (children,
grandchildren and more remote descendants), including step-children and relationships arising from legal adoption, and any spouse of a Participant or a Participant’s descendant. 
 “Restricted Period” has the meaning ascribed to it in Part IV. 
 “Restricted Stock” has the meaning ascribed to it in Part IV. 
 “Stock Appreciation
Right” means the right of a Participant to receive Stock or cash upon exercise of the Award as described in Part III. 
 “Stock
Unit” means a right to deferred delivery of Stock or cash under an Award described in Part V. 
 “Successor” means the legal
representative of the estate of a deceased Optionee or the person or persons who acquire the right to exercise an Option by bequest or inheritance or by reason of the death of any Optionee. 
 “Term of Plan” means that period which commences August 1, 2006, and terminates on July 31, 2016, or such earlier date as the Board
hereafter determines. 
 “Termination of Employment” or “Termination of Service” means the cessation of an
employee’s relationship as an employee of the Company or Affiliate (for federal tax purposes), or termination of a director’s, consultant’s, or advisor’s service as such for the Company or Affiliate. 
  

	3.	Administration of Plan. The Plan shall be administered by a Committee of two or more members. The Committee shall report all action taken by it to the Board. Except when the
Board determines otherwise, the Committee shall consist of the members of the Compensation Committee of the Board of Directors. All members of the Committee shall qualify as both “non-employee directors,” as defined in Rule 16b-3(b)(3)
promulgated under the Act and “outside directors” within the meaning of Section 162(m) of the Code. The Committee shall have full and final authority in its discretion, subject to the provisions of the Plan, to determine the
Participants to whom and the time or times at which Awards shall be granted and the number of shares of Common Stock covered by each Award; to construe and interpret the Plan; to determine and interpret the terms and provisions of the respective
Award agreements, which need not be identical as between Participants, including, but without limitation, terms covering the payment of the Option price; and to make all other determinations and take all other actions deemed necessary or advisable
for the proper administration of the Plan. All such actions and determinations shall be conclusively binding for all purposes and upon all persons. 

	4.	Common Stock Subject to the Plan. The aggregate number of shares of Common Stock which may be issued pursuant to Awards under the Plan shall not exceed 5,400,000, subject to
adjustment under the provisions of Part VII. The shares of Common Stock to be issued under the Plan may be authorized but unissued shares, shares issued and reacquired by the Company or shares bought on the market for the purposes of the Plan. In
the event any Award shall, for any reason, terminate or expire or be surrendered without having been exercised in full, the shares subject to such Award but not issued shall again be available for award under the Plan. The maximum number of shares
for which Options and Stock Appreciation Rights may be awarded during any fiscal year of the Company to any employee shall be 500,000 (the “Maximum Annual Award”). 

  

	5.	Limitations on Certain “Full Value” Grants Awarded under the Plan. Notwithstanding the provisions of paragraph 4 above, with respect to 95% of the shares of Common
Stock awarded under the Plan, or 5,130,000 shares (subject to adjustment under the provisions of Part VII), the minimum period over which tenure-based awards of Restricted Stock or Stock Units may vest shall be three (3) years (except in the
case of the Participant’s death, disability, retirement or a Change of Control), and the minimum performance period over which Awards of Restricted Stock, Stock Units or Performance Awards shall vest shall be one (1) year (except in the
case of the Participant’s death, disability, retirement or a Change of Control). 

  

	6.	Award Agreements. Any Award granted under this Plan shall be evidenced by an agreement (“Award Agreement”) which shall be approved in form and substance by the
Committee. Such Award Agreements may, in the discretion of the Committee, contain (i) forfeiture provisions applicable if a Participant’s employment or service terminates for Cause; and/or (ii) non-compete covenants applicable to a
Participant who accepts such Award. Each Award Agreement shall be executed by an officer of the Company and the Participant. 

 II. STOCK OPTIONS 
 All Options and Option Agreements granted under the provisions of this Plan shall be subject to the
following limitations and conditions: 
  

	1.	Option Price. The Option price per share with respect to each Option shall be the Exercise Price. 

  

	2.	Period of Option. The expiration date of each Option shall be fixed by the Committee at the Date of Grant, but in no event shall the expiration date be later than ten years
from the Date of Grant. 

  

	3.	Holding Period. No Common Stock issued pursuant to exercise of an Option granted pursuant to this Plan may, unless the Committee determines otherwise, be sold, transferred,
assigned or otherwise disposed of within six months following the Date of Grant of the Option. 

	4.	Shareholder Rights. Neither an Optionee nor his Successor shall have any of the rights of a shareholder of the Company by reason of holding an Option, and such shareholder
rights will not exist until the certificates evidencing the shares of Common Stock purchased under the Option are properly delivered to such Optionee or his Successor. 

  

	5.	Exercise of Option. Each Option shall be exercisable from time to time over a period commencing on the Date of Grant and ending upon the expiration or termination of the
Option; provided, however, the Committee may, by the provisions of any Option Agreement, postpone in whole or in part the vesting or exercisability of the Option and limit the number of shares purchasable thereunder in any period or periods of time
during which the Option is exercisable. Payment of the Exercise Price for shares of Stock purchased under this Plan shall be made in full and in cash or by certified or cashier’s check made payable to the Company or a combination thereof. In
addition, if permitted by the Committee or the terms of the Option Agreement, Participants may elect to pay the Exercise Price by tendering, either through actual delivery of shares of Common Stock or though attestation, shares of Common Stock
(valued at Fair Market Value) owned by the Participant, or any combination thereof, equivalent to the Exercise Price. The Committee may permit a Participant to pay the Exercise Price by irrevocably authorizing a third party to sell shares of Common
Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the Exercise Price and any tax withholding resulting from such exercise. Exercise of an
Option shall not be effective until the Company has received written notice of exercise. Such notice must specify the number of whole shares to be purchased and be accompanied by payment in full of the aggregate Exercise Price for the number of
shares purchased. The Company shall not in any case be required to sell, issue, or deliver a fractional share with respect to any Option. 

  

	6.	Nontransferability of Option. Incentive Stock Options awarded under the Plan are not transferable except as designated by the Participant by will or by the laws of descent
and distribution. Incentive Stock Options may be exercised during the lifetime of the Participant only by the Participant or his guardian or legal representative. If expressly permitted by the terms of the Option agreement, Non-Qualified Options may
be transferred by a Participant to Permitted Transferees, provided that there is not any consideration for the transfer. No Option shall be pledged or hypothecated in any way and no Option shall be subject to execution, attachment, or similar
process. 

  

	7.	 Termination of Employment or Service. Except as provided herein, upon an Optionee’s Termination of Employment or Service his Option privileges shall be
limited to the shares which were immediately purchasable by him at the date of such termination, and such Option privileges shall be exercisable by such Optionee for three months after the date of such termination, but not 

	 	 
any later than the expiration date of the Option, at which time such Option shall expire. The Committee may, by the terms of the Option Agreement, provide
for a longer or shorter period during which the Option may be exercised following Termination of Employment or Service. The granting of an Option to an eligible person does not alter in any way the Company’s existing rights to terminate such
person’s employment or service at any time for any reason, nor does it confer upon such person any rights or privileges except as specifically provided for in the Plan. 

  

	8.	Death of Optionee. If an Optionee dies while in the employment or service of the Company, such Optionee’s Option shall remain exercisable by the Optionee’s
Successor until the close of the business day on or immediately preceding the first annual anniversary date of the Optionee’s death, or the expiration date, if earlier, at which time such Option shall expire. 

  

	9.	Additional Limitations for Incentive Stock Options. Options granted under the Plan may qualify as “incentive stock options” as defined in Section 422 of the
Code. Incentive Stock Options shall be awarded only to employees. No Incentive Stock Options shall be granted to any employee if, immediately before the Date of Grant, such employee owns more than 10% of the total combined voting power of all
classes of stock of the Company or its Affiliates (as determined in accordance with the stock attribution rules contained in Section 424(d) of the Code). Provided, the preceding sentence shall not apply if at the time the Option is granted, the
Option Price is increased to an amount equal to 110 percent of the Fair Market Value and such Option by its terms is not exercisable after the expiration of five years from the date such Option is granted. The aggregate Fair Market Value (determined
as of the time the Option is granted) of the Stock with respect to which Incentive Stock Options are exercisable for the first time by any employee during any calendar year (under all incentive stock option plans qualified under Section 422 of
the Code sponsored by the Company or any Affiliate) shall not exceed $100,000.00. If any Options are awarded in excess of this limit, the excess options shall be Non-Qualified Stock Options. 

 III. STOCK APPRECIATION RIGHTS 
  

	1.	Definition. A Stock Appreciation Right is an Award that may be granted and entitles the holder to receive an amount equal to the difference between the Fair Market Value of
the shares of Stock at the time of exercise of the Stock Appreciation Right and the Fair Market Value of Stock on the date of grant, subject to the applicable terms and conditions of the Award Agreement and the following provisions of this Part III.

  

	2.	Eligibility. The Committee may, in its discretion, award Stock Appreciation Rights to any Participant. 

	3.	Exercise. A Stock Appreciation Right may be exercised under the applicable terms and conditions of the Award Agreement. A Stock Appreciation Right shall entitle the holder to
receive, upon exercise of the Stock Appreciation Right, shares of Stock (valued at their Fair Market Value at the time of exercise), cash or a combination thereof, in the discretion of the Committee, in an amount equal in value to the excess of the
Fair Market Value of the shares of Stock subject to the Stock Appreciation Right as of the date of such exercise over the Fair Market Value on the date of grant. 

  

	4.	Expiration Date. The “Expiration Date” with respect to a Stock Appreciation Right shall be determined by the Committee, and shall be not later than ten years from
the date of grant. If the right is not exercised before the end of the day on which the right ceases to be exercisable, such right shall be deemed exercised as of such date and payment shall be made to the holder in accordance with the Award
Agreement. 

 IV. RESTRICTED STOCK 
  

	1.	Definition. Restricted Stock awards are grants of Stock to Participants, the vesting of which is subject to a required period of employment or service as a director or
consultant, and any other conditions established by the Committee. 

  

	2.	Eligibility. The Committee shall designate the Participants to whom Restricted Stock is to be awarded and the number of shares of Stock that are subject to the award.

  

	3.	Terms and Conditions of Awards. All shares of Restricted Stock awarded to Participants under the Plan shall be subject to the following terms and conditions and to such other
terms and conditions, not inconsistent with the Plan, as shall be prescribed by the Committee in its sole discretion and as shall be contained in the Award Agreement. 

 Restricted Stock awarded to Participants may not be sold, assigned, transferred, pledged or otherwise encumbered, except as provided in Part I, paragraph
5 and otherwise herein, for a period of 10 years or such shorter period as the Committee may determine after the time of the award of such stock (the “Restricted Period”). Except for such restrictions, the Participant as owner of such
shares shall have all the rights of a stockholder, including but not limited to the right to vote such shares and, except as otherwise provided by the Committee, the right to receive all dividends paid on such shares. 
 The Committee may in its discretion, at any time after the date of the award of Restricted Stock, adjust the length of the Restricted Period to account
for individual circumstances of a Participant or group of Participants, subject to the provisions of Part I, paragraph 5. 
 Except as
otherwise determined by the Committee in its sole discretion, a Participant whose employment or service with the Company and all Affiliates terminates prior to the end of the Restricted Period for any reason shall forfeit all shares of Restricted
Stock remaining subject to any outstanding Restricted Stock Award. 

 Each certificate issued in respect of shares of Restricted Stock awarded under the Plan shall be
registered in the name of the Participant and, at the discretion of the Committee, each such certificate may be deposited in a bank designated by the Committee. Each such certificate shall bear the following (or a similar) legend: 
 “The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture)
contained in the Team, Inc. 2006 Stock Incentive Plan and an agreement entered into between the registered owner and Team, Inc. A copy of such plan and agreement is on file in the office of the Secretary of Team, Inc., 200 Hermann Drive, Alvin,
Texas 77511. 
 At the end of the Restricted Period for Restricted Stock, such Restricted Stock will be transferred free of all restrictions
to a Participant (or his Successors). 
  

	4.	Substitution of Cash. The Committee may, in its discretion, substitute cash equal to the Fair Market Value (determined as of the date of distribution) of Stock otherwise
required to be distributed to a Participant. 

 V. STOCK UNITS AND PERFORMANCE SHARE AWARDS 
  

	1.	Definition. A “Stock Unit” Award is the grant of a right to receive shares of Stock or cash in the future. A “Performance Share” Award is a grant of a
right to receive shares of Stock or Stock Units which is contingent on the achievement of performance or other objectives during a specified period. The number of Performance Shares earned, and the value received for them, will be contingent on the
degree to which the performance measures established at the time of the initial award are met. The minimum vesting or performance period for Awards of Stock Units and Performance Shares shall be subject to the provisions of Part I, paragraph 5.

  

	2.	Eligibility. The Committee shall designate the Participants to whom Stock Units or Performance Share Awards are to be awarded, and the number of units or shares to be the
subject of such awards. 

  

	3.	 Terms and Conditions of Awards. For each Participant, the Committee will determine the timing of awards; the number of Stock Units or Performance Units
awarded; the value of Stock Units and Performance Units, which may be stated either in cash or in shares of Stock; the performance measures used for determining whether the Performance Shares are earned; the performance period during which the
performance measures will apply (which shall be subject to the provisions of Part I, paragraph 5); the relationship between the level of achievement of the performance measures and the degree to which Performance Shares are earned; whether, during
or after the performance period, any revision to the performance measures or performance period 

	 	 
should be made to reflect significant events or changes that occur during the performance period (subject to the provisions of Part I, paragraph 5); the
number of earned Performance Shares that will be paid in cash and/or shares of Stock; and whether dividend equivalents will be paid on Stock Units, either currently or on a deferred basis. All Awards of Stock Units and Performance Shares shall be
made in accordance with the limits set forth in Part I, paragraph 5 hereof. 

  

	4.	Payment. The Committee will compare the actual performance to the performance measures established for the performance period and determine the number of units to be paid and
their value. Payment for Stock Units or Performance Shares earned shall be wholly in cash, wholly in Stock or in a combination of the two, in a lump sum or installments, and subject to vesting requirements and such other conditions as the Committee
shall provide. The Committee will determine the number of earned Stock Units or Performance Shares to be paid in cash and the number to be paid in Stock. For Stock Units or Performance Shares payable in shares of Stock, one share of Stock will be
paid for each share earned, or cash will be paid for each share earned equal to either (a) the Fair Market Value of a share of Stock at the delivery date or the end of the performance period, as applicable, or (b) the Fair Market Value of
the Stock averaged for a number of days determined by the Committee. For Stock Units or Performance Shares awarded in cash, the value of each share earned will be paid in its initial cash value, or shares of Stock will be distributed based on the
cash value of the shares earned divided by (a) the Fair Market Value of a share of Stock at the delivery date or end of the performance period, as applicable, or (b) the Fair Market Value of a share of Stock averaged for a number of days
determined by the Committee. 

  

	5.	Death or Termination of Employment or Service. A Participant whose employment or service with the Company and Affiliates terminates because of death either (i) during a
performance period, or (ii) prior to the delivery date for Stock Units, shall be entitled to the prorated value of earned Performance Shares or Stock Units, at the conclusion of the performance period (or the deferred delivery date) based on
the ratio of the months the Participant was employed (or during which he rendered services as a director or consultant) during the period to the total months of the performance period (or from the date of the award of the Stock Units until the
deferred delivery date). If the Participant’s employment or service with the Company and Affiliates terminates for any reason other than death (i) during a performance period, or (ii) prior to the delivery date for deferred Stock
Units, the Performance Shares or Stock Units will be forfeited on the date his employment or service with the Company and Affiliates terminates. Notwithstanding the foregoing provisions, but subject to the limitations contained in Part I, paragraph
5 herein, the Committee may determine that the Participant will be entitled to receive all or any portion of the Performance Shares or Stock Units that he would otherwise receive, and may accelerate the determination and payment of the shares or
units or make such other adjustments as the Committee, in its sole discretion, deems desirable. 

 VI. PERFORMANCE-BASED AWARDS 
  

	1.	Performance-Based Awards. The Committee may grant to officers and other key employees of the Company the prospective contingent right to receive payments of stock, cash or
any combination thereof as may be designated or established by the Committee (“Performance-Based Awards”). Performance-Based Awards shall be earned by Participants only if specified Performance Goals are satisfied in the applicable
Performance Cycle. The Committee shall, in its sole discretion, determine the officers and other key employees eligible to receive Performance-Based Awards. At the time each grant of a Performance-Based Award is made, the Committee shall establish
the applicable Performance Cycle, the Performance Measure and Performance Goals in respect of such Performance-Based Award. The number of shares of stock and/or the amount of cash earned and payable in settlement of a Performance-Based Award shall
be determined by the Committee at the end of the Performance Cycle. 

  

	2.	Award Agreement. The Award Agreement for each Performance-Based Award shall provide that, in order for a Participant to earn all or a portion of the stock or cash subject to
such Performance-Based Award, the Company must achieve certain Performance Goals over a designated Performance Cycle having a minimum duration of one year. The Performance Goals and Performance Cycle shall be established by the Committee in its sole
discretion. The Committee shall establish a Performance Measure for each Performance Cycle for determining the portion of the Performance-Based Award, which will be earned or forfeited, based on the extent to which the Performance Goals are achieved
or exceeded. Performance Goals may include minimum, maximum and target levels of performance, with the size of the Performance-Based Award based on the level attained. Once established by the Committee and specified in the Award Agreement, and if
and to the extent provided in or required by the Award Agreement, the Performance Goals and the Performance Measure in respect of any Performance-Based Award shall not be changed. The Committee may, in its discretion, eliminate or reduce (but not
increase) the amount of any Performance-Based Award that otherwise would be payable to a Participant upon attainment of the Performance Goal(s) unless the Participant has a vested right under applicable employment law to receive the full
Performance-Based Award. 

  

	3.	Determination of Terms of Awards. Performance-Based Awards may be made on such terms and conditions not inconsistent with the Plan, and in such form or forms, as the
Committee may from time to time approve. Performance-Based Awards may be made alone, in addition to, in tandem with, or independent of other grants and awards under the Plan. Subject to the terms of the Plan, the Committee shall, in its discretion,
determine the number of shares of Stock subject to each Performance Grant made to a Participant and the Committee may impose different terms and conditions on any particular Performance–Based Award made to any Participant. The Performance
Goals, the Performance Cycle and the Performance Measure applicable to a Performance Grant shall be set forth in the relevant Award Agreement. 

	4.	Payments of Awards. Each Participant shall be entitled to receive payment in Stock or cash of the Performance-Based Awards earned in respect of a Performance Cycle, subject
to the Committee’s discretion to eliminate or reduce the amount that would otherwise be payable to a Participant. Payment in settlement of a Performance-Based Award may be made in Stock, in cash, or in any combination of Stock and cash, and at
such time or times, as the Committee, in its discretion, shall determine. 

 VII. GENERAL PROVISIONS 
  

	1.	Adjustments. In the event that the outstanding shares of Common Stock of the Company are hereafter increased or decreased or changed into or exchanged for a different number
or kind of shares or other securities of the Company or of another corporation, by reason of a recapitalization, reclassification, stock split-up, combination of shares, or dividend or other distribution payable in capital stock, appropriate
adjustment shall be made by the Committee in the number and kind of shares authorized or outstanding under the Plan, and the Maximum Award Limit. The Committee shall also make adjustments in the event of any distribution of assets to shareholders
other than a normal cash dividend. In addition, the Committee shall make appropriate adjustment in the number and kind of shares as to which outstanding Awards, or portions thereof then unexercised, shall be exercisable, to the end that the
proportionate interest of the holder of the Participant shall, to the extent practicable, be maintained as before the occurrence of such event. Such adjustment in outstanding Options shall be made without change in the total price applicable to the
unexercised portion of the Option but with a corresponding adjustment in the Option price per share. The Company shall not in any case be required to sell, issue, or deliver a fractional share with respect to any Award. 

  

	 	(a)	In the event that the Board shall adopt resolutions recommending the dissolution or liquidation of the Company, any Option or Stock Appreciation Right Awards granted under the Plan
shall terminate as of a date to be fixed by the Committee, provided that not less than thirty (30) days’ written notice of the date so fixed shall be given to each Participant and each such Participant shall have the right during such
period to exercise his Option or Right as to all or any part of the shares covered thereby, including shares as to which such Option or Right would not otherwise be exercisable by reason of an insufficient lapse of time. 

  

	 	(b)	Upon a Change in Control, each outstanding Award shall become 100% vested as of the date of the Change in Control, provided that the Participant’s employment or service has not
terminated prior to such date. 

 In the event of a Reorganization (as hereinafter defined) in which the Company is not the
surviving or acquiring company, or in which the Company is or becomes a wholly owned subsidiary of another company after the effective date of the Reorganization, then 

	 	(i)	If there is no plan or agreement respecting the Reorganization (“Reorganization Agreement”) or if the Reorganization Agreement does not specifically provide for the
change, conversion or exchange of the shares under outstanding and unexercised stock options for securities of another corporation, then any Option granted under the Plan shall terminate as of a date to be fixed by the Committee, provided that not
less than thirty (30) days’ written notice of the date so fixed shall be given to each Optionee and each such Optionee shall have the right during such period to exercise his Option as to all or any part of the shares covered thereby,
including shares as to which such Option would not otherwise be exercisable by reason of an insufficient lapse of time. 

  

	 	(ii)	If there is a Reorganization Agreement and if the Reorganization Agreement specifically provides for the change, conversion, or exchange of the shares under outstanding and
unexercised stock options and rights for securities of another corporation, then the Committee shall adjust the shares under such outstanding and unexercised stock options and rights (and shall adjust the shares remaining under the Plan which are
then available to be optioned under the Plan, if the Reorganization Agreement makes specific provision therefor) in a manner not inconsistent with the provisions of the Reorganization Agreement for the adjustment, change, conversion, or exchange of
such stock and such Options and rights. 

  

	 	(c)	The term “Reorganization” as used herein shall mean any statutory merger, statutory consolidation, sale of all or substantially all of the assets of the Company, or sale,
pursuant to an agreement with the Company, of securities of the Company pursuant to which the Company is or becomes a wholly owned subsidiary of another company after the effective date of the Reorganization. The provisions hereof shall comply with
Section 424(a) of the Code except to the extent the Committee determines otherwise. 

  

	 	(d)	Adjustments and determinations hereunder shall be made by the Committee, whose decisions shall be final, binding, and conclusive. 

  

	2.	 Restrictions on Issuing Shares. The issuance of Shares under the Plan shall be subject to the condition that if at any time the Company shall determine in
its discretion that the listing, registration, or qualification of any shares otherwise deliverable upon such exercise upon any securities exchange or under any state or federal law, or that the consent or approval of any regulatory body, is
necessary or desirable as a condition of, or in connection with, such exercise or the delivery or purchase of shares pursuant thereto, then in any such event, such exercise shall not be effective unless such listing, registration, qualification,
consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Company. Without limiting the foregoing, the Company will not be obligated to sell any Shares hereunder unless the Shares are at the time
effectively 

	 	 
registered or exempt from registration under the Securities Act of 1933, as amended, and applicable state securities laws. The Participant shall make such
investment representations to the Company and shall consent to the imposition of such legends on the stock certificates as are necessary, in the opinion of the Company’s counsel, to secure to the Company an appropriate exemption from applicable
securities laws. 

  

	3.	Withholding of Taxes. All Awards and payments under the Plan are subject to withholding of all applicable taxes, which withholding obligations may be satisfied, with the
consent of the Committee, through the surrender of shares of Common Stock which the Participant already owns, or to which a Participant is otherwise entitled under the Plan. The Company shall have the right to deduct from all amounts paid in cash in
consequence of the exercise of an Option or Stock Appreciation Right or in connection with an award of Restricted Stock or Stock Units and Performance Share Awards under the Plan any taxes required by law to be withheld with respect to such cash
payments. Where a Participant is entitled to receive shares of Common Stock pursuant to the exercise of an Option or a Stock Appreciation Right or with respect to an award of Stock Units and Performance Share Awards pursuant to the Plan, the Company
shall have the right to require the Participant to pay to the Company the amount of any taxes that the Company is required to withhold with respect to such shares, or, in lieu thereof, to retain, or sell without notice, a sufficient number of such
shares to cover the amount required to be withheld. Upon the disposition (within the meaning of Code Section 424(c)) of shares of Common Stock acquired pursuant to the exercise of an Incentive Stock Option prior to the expiration of the holding
period requirements of Code Section 422(a)(1), the employee shall be required to give notice to the Company of such disposition and the Company shall have the right to require the employee to pay to the Company the amount of any taxes that are
required by law to be withheld with respect to such disposition. Upon termination of the Restricted Period with respect to an award of Restricted Stock (or such earlier time, if any, as an election is made by the Participant under Code
Section 83(b), or any successor provisions thereto, to include the value of such shares in taxable income), the Company shall have the right to require the Participant to pay to the Company the amount of taxes that the Company is required to
withhold with respect to such shares of Common Stock or, in lieu thereof, to retain or sell without notice a sufficient number of shares of Common Stock held by it to cover the amount required to be withheld. The Company shall have the right to
deduct from all dividends paid with respect to Restricted Stock the amount of taxes that the Company is required to withhold with respect to such dividend payments. 

  

	4.	Use of Proceeds. The proceeds received by the Company from the sale of Common Stock pursuant to the exercise of Options granted under the Plan shall be added to the
Company’s general funds and used for general corporate purposes. 

  

	5.	Amendment, Suspension, and Termination of Plan. 

	 	(a)	The Board shall have complete discretionary authority and power to amend, suspend or terminate the Plan at any time, subject to the following provisions: 

 

	 	(i)	Any material amendment, including but not limited to an amendment increasing the number of shares of Common Stock provided in Part I, amending the limitations set forth in Part I,
paragraph 5, or increasing the Maximum Award Limit may not be made without shareholder approval. 

  

	 	(ii)	The Board may not, without the Participant’s written consent, modify the terms and conditions of an Award in a manner that impairs any right or obligation previously granted.

  

	 	(iii)	No amendment, suspension or termination of the Plan shall, without the Participant’s written consent, alter, terminate or impair any right or obligation under any Award
previously granted under the Plan. 

  

	 	(b)	Unless previously terminated, the Plan shall terminate with respect to the issuance of any new Awards, and no more Awards may be granted after July 31, 2016. The Plan shall
continue in effect with respect to Awards granted before termination of the Plan until such Awards have been settled, terminated, or forfeited.

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