Document:

Exhibit 10.28

 

EXECUTION VERSION

 

TRADEMARK LICENSE AGREEMENT

 

Trademark License Agreement, dated as of                      , 2015 (the “Effective Date”), by and between COSTAMARE SHIPPING COMPANY S.A., a corporation incorporated under
the laws of the Republic of Panama, with an office at 60 Zephyrou Street & Syngrou Avenue, 17564 Athens, Greece (the “Licensor”),
and Costamare PARTNERS LP, a limited partnership organized under the laws of the
Republic of the Marshall Islands, with an office at 60 Zephyrou Street & Syngrou Avenue, 17564 Athens, Greece (the “Licensee”).

 

WHEREAS, Licensor is the owner of the trademarks
shown in Exhibit A hereto (the “Trademarks”);

 

WHEREAS, Licensee is engaged in the business
of owning ocean-going vessels (whether in the construction phase or operational) that are intended to be used primarily to transport
containerized cargoes (the “Container Vessel Business”);

 

WHEREAS, Licensee desires to use the Trademarks
in the Container Vessel Business throughout the world;

 

WHEREAS, Licensor and Licensee desire to
set forth a written agreement concerning Licensee’s right to use the Trademarks; and

 

WHEREAS, capitalized terms used but not
defined herein shall have the respective meanings assigned to them in the Partnership Management Agreement between COSTAMARE SHIPPING
COMPANY S.A. and Costamare PARTNERS LP dated                      , 2015.

 

NOW, THEREFORE, in consideration of the
above premises and of the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

 

		1.	Grant

 

		A.	Licensor
                                         hereby grants to Licensee and its Subsidiaries the non-transferable, royalty-free
                                         license and right, but not the obligation, to use the Trademarks in connection with its
                                         operation of the Container Vessel Business as currently, or as from time to time, conducted
                                         in the Territory (as hereinafter defined), including all rights to promote and exploit
                                         the Trademarks in connection with the Container Vessel Business.

 

		B.	The
                                         rights granted in this Trademark License Agreement are personal to Licensee and its Subsidiaries.

 

		C.	The
rights granted in this Trademark License Agreement shall include the right to incorporate the Trademarks into domain names used
by Licensee

    	 

    	

    

	 	 	in
                                         the Container Vessel Business on the Internet, including www.costamarepartners.com;
                                         provided that (i) all such domain names are registered in the name of Licensor
                                         and (ii) such domain names may only include the Trademarks and descriptive words in the
                                         Container Vessel Business or words denoting a type of business entity or corporate structure,
                                         including “Partners” and “MLP”; provided further that
                                         such descriptive words and combinations are approved in advance by Licensor in writing,
                                         in its reasonable discretion; provided further that Licensee shall not combine
                                         the Trademarks with any other words, trademark or name without Licensor’s prior
                                         written approval.

 

		D.	Licensee
                                         shall have the right to include the Trademarks in its corporate name or trade names or
                                         those used by its Subsidiaries in the Container Vessel Business; provided that
                                         upon the termination of this Trademark License Agreement, Licensee shall change said
                                         names within ninety (90) days of such termination to a name which is not confusingly
                                         similar, in Licensor’s reasonable judgment, to any of the Trademarks.

 

		E.	All
                                         uses of the Trademarks shall be in accordance with the terms of this Trademark License
                                         Agreement.

 

		2.	Territory

 

The license granted herein shall be worldwide (the
“Territory”).

 

		3.	Term

 

		A.	The
                                         term of this Trademark License Agreement (the “Term”) shall commence
                                         on the Effective Date and shall continue in effect until the expiration of the Partnership
                                         Management Agreement (the “Expiration Date”), unless sooner terminated
                                         pursuant to the terms hereof.

 

		B.	During
                                         the Term, Licensor shall maintain all registrations for the Trademarks to be used in
                                         connection with the Container Vessel Business; provided that the relevant mark
                                         is being used in commerce or otherwise as required by applicable law. Licensee may request
                                         Licensor to file and diligently prosecute applications for trademarks that are based
                                         upon, translated or derived from the Trademarks in any jurisdiction in the Territory
                                         and Licensor shall consider, but shall have no obligation to file, the requested applications;
                                         provided that Licensor shall not unreasonably withhold its consent to filing and
                                         diligently prosecuting such applications in any jurisdiction where Licensee demonstrates a
legitimate business need for such registration unless it reasonably determines that such application could materially and adversely
affect the Trademark in that jurisdiction. Any such applications shall be filed, prosecuted and the resulting registrations renewed
and maintained at Licensee’s expense and

    	2

    	

    

 any newly registered trademarks filed pursuant to this Section 3(B) shall be included
in the definition of Trademarks for the purposes of this Trademark License Agreement.

 

		C.	Upon
                                         termination of this Trademark License Agreement pursuant to Section 7 hereof, Licensee
                                         and its Subsidiaries shall cease using the Trademarks in accordance with Section 8 hereof.

 

		4.	Quality
                                         Control

 

		A.	Licensee
                                         shall, at all times, use the Trademarks in a manner consistent with the prior use of
                                         the Trademarks or in a manner specifically approved by Licensor. If Licensee contemplates
                                         using the Trademarks in a manner materially different from their prior use, Licensee
                                         must submit prototypes of the materially different use to Licensor for approval prior
                                         to any use. Said consent shall not be unreasonably withheld or delayed. Licensor shall
                                         notify Licensee of its consent to, or denial of, the proposed use within fifteen (15)
                                         business days of its receipt of the prototype. If Licensor does not disapprove the prototype
                                         within said fifteen (15) business day period, the prototype shall be deemed to be approved.

 

		B.	Licensor
                                         acknowledges that Licensee may use Costamare
                                         PARTNERS LP.

 

		C.	Licensee
                                         shall not use the Trademarks in any way which causes, or is foreseeably likely to cause,
                                         damage to the reputation, business or goodwill of Licensor or its Affiliates or the Trademarks.

 

		D.	Licensee
                                         shall not attack the title of Licensor in or to the Trademarks nor will it attack the
                                         validity of the license granted hereunder.

 

		E.	Licensee
                                         shall not attack the validity of any oral or written agreement in effect as of the Effective
                                         Date granting an Affiliate of the Licensor the right to use the Trademarks in connection
                                         with its business.

 

		F.	Licensee
                                         shall not do anything itself, or aid or assist any other person to do anything that would,
                                         or could reasonably be expected to infringe, violate, tarnish, dilute, cause a loss of
                                         distinctiveness, harm, misuse or bring into disrepute the trademarks, and/or do anything
                                         which would, or could reasonably be expected to damage the goodwill associated therewith.

 

		G.	Licensee
                                         shall not create or incur any expenses chargeable to Licensor without the prior written
                                         approval of Licensor in each and every instance.

 

		H.	Licensee
                                         shall not cause or allow any liens to be placed against the Trademarks.

    	3

    	

    

		I.	If
                                         it is determined by Licensor that any use of the Trademarks by Licensee to which the
                                         rights hereunder are sublicensed in accordance with Section 6 does not comply with the
                                         quality standards, Licensor shall so notify Licensee in writing. Upon receipt of such
                                         notice, Licensee shall investigate to determine all facts related to such deficiency
                                         and take prompt steps to correct such deficiency and to prevent the re-occurrence thereof.
                                         Licensee shall provide a written report thereon to Licensor as promptly as practicable.

 

		J.	Compliance
                                         with these quality control provisions shall be deemed to be a material term of this Trademark
                                         License Agreement.

 

		5.	Trademark
                                         Rights

 

		A.	Licensee
                                         hereby recognizes and acknowledges Licensor’s exclusive ownership of, and title
                                         to, the Trademarks, as well as the goodwill associated therewith and that the Trademarks
                                         are valuable assets belonging to Licensor. All rights in and to the Trademarks are, and
                                         shall remain, the property of Licensor. Nothing in this Trademark License Agreement shall
                                         confer or imply any right of ownership in the Trademarks in Licensee. Licensee acknowledges,
                                         and shall not at any time contest, the validity of the Trademarks or Licensor’s
                                         ownership of the Trademarks. Licensee acknowledges that all rights, including goodwill,
                                         accruing from its use of the Trademarks shall inure to the benefit of Licensor.

 

		B.	Licensee
                                         hereby recognizes and acknowledges the prior use of the Trademarks by the Licensor and
                                         its Affiliates. Nothing in this Trademark License Agreement shall prevent or limit the
                                         ability of Licensor or its Affiliates (including pursuant to the trademark license agreement
                                         dated as of November 3, 2010, between the Licensor and Costamare Inc., a corporation
                                         incorporated under the laws of the Republic of the Marshall Islands and currently the
                                         sole limited partner of the Licensee) to continue using the Trademarks or prevent or
                                         limit the ability of Licensor to maintain existing, or grant new, licenses or rights
                                         permitting any person to use the Trademarks; provided that in all such cases the
                                         use, maintenance or grant shall be consistent with Section 1(A).

 

		C.	Licensee
                                         agrees that its use of the Trademarks pursuant to this Trademark License Agreement shall
                                         not vest in Licensee any right or presumptive right to continue such use after termination
                                         of this Trademark License Agreement. Nothing contained in this Trademark License Agreement
                                         shall be construed as an assignment or grant to Licensee
of any right, title or interest in or to the Trademarks, it being understood that all rights relating thereto are reserved by
Licensor, except for the license hereunder to Licensee of the right to use the Trademarks specifically and expressly provided
herein. To the extent any right in and to the Trademarks or in the

    	4

    	

    

 goodwill associated therewith are deemed to accrue to Licensee,
Licensee agrees to assign and hereby assigns any and all such rights and goodwill, at such time as they may be deemed to accrue,
to Licensor.

 

		D.	Licensee
                                         shall promptly notify Licensor of any use of the Trademarks (or any confusingly similar
                                         trademark, and including domain names) by any third party of which Licensee becomes aware.
                                         Licensor shall have the right, in its reasonable discretion, through counsel of its own
                                         choice, to take such action as it deems appropriate to protect the Trademarks and to
                                         prevent the unauthorized use of the Trademarks, including commencement of a proceeding
                                         or any other form of action. Licensee shall provide reasonable assistance to prosecute
                                         such proceeding or action and shall, if requested by Licensor, join in the prosecution
                                         of such action or proceeding. Licensor shall not enter into any settlement with such
                                         third party involving a claim related to the Container Vessel Business without the prior
                                         written consent of Licensee, which shall not be unreasonably withheld or delayed. If
                                         Licensor elects not to take such action as Licensee deems necessary to protect or enforce
                                         the Trademarks, Licensee shall be entitled to commence such action or proceeding; provided that Licensee shall not commence any action or proceeding to protect or enforce the
                                         Trademarks without first obtaining the express written authorization of Licensor (which
                                         shall not be unreasonably withheld). In the event that Licensee commences a proceeding
                                         or other form of action against such third party, Licensor shall provide reasonable assistance
                                         to prosecute such proceeding or action and shall, if requested by Licensee and if necessary
                                         to such prosecution, join in the prosecution of such action or proceeding. The party
                                         commencing any proceeding or action shall be responsible for all expenses and costs thereof.
                                         Any recoveries (including settlements) resulting from any such action or proceeding brought
                                         against a third party involved in, or attempting to enter, the Container Vessel Business
                                         shall belong to Licensee; provided that Licensor is first reimbursed for all reasonable
                                         attorneys’ fees, costs and other expenses incurred by Licensor in connection with
                                         such action or proceeding. In any action or proceeding brought against a third party
                                         not involved in, or attempting to enter, the Container Vessel Business, any recoveries
                                         (including settlements) shall belong to the party which commenced such action.

 

		E.	Licensee
                                         shall execute and deliver to Licensor in such form as Licensor may reasonably request,
                                         all instruments and documents necessary to effectuate trademark protection or registration
                                         of the Trademarks, including registered user recordals and cancellations.

 

		F.	At
                                         no time shall Licensee use the Trademarks or authorize others to do so, except as may
                                         be authorized by this Trademark License Agreement or subsequently expressly approved
                                         in writing by Licensor.

    	5

    	

    

		G.	Licensee
                                         shall use its reasonable best efforts to ensure that the rights granted herein are exercised
                                         in such a manner as to avoid confusion with the activities of Licensor and its Affiliates.

 

		6.	Sub-Licenses

 

		A.	Licensee
                                         and its Subsidiaries shall have the right to sub-license the non-exclusive use of the
                                         Trademarks to printers of promotional materials using the Trademarks in the Container
                                         Vessel Business to the extent necessary to permit a sub-licensee to provide goods and
                                         services exclusively to or for Licensee and its Subsidiaries and to the extent reasonably
                                         necessary to enable Licensee or its Subsidiaries to effectively conduct business in foreign
                                         countries or territories, in each case pursuant to this Trademark License Agreement;
                                         provided that each sub-license shall automatically terminate upon the termination
                                         of this Trademark License Agreement or upon the termination of the sub-licensee’s
                                         appointment by Licensee or its Subsidiaries or, in the event that Licensee’s subsidiary
                                         appoints a sub-licensee, upon such subsidiary ceasing to be a subsidiary of Licensee,
                                         whichever occurs first.

 

		7.	Termination

 

		A.	This
                                         Trademark License Agreement may be terminated at any time by mutual written agreement
                                         of the parties.

 

		B.	If
                                         Licensee defaults in the performance of any of its material obligations provided for
                                         in this Trademark License Agreement and any such default is not cured by Licensee within
                                         twenty (20) business days following receipt of notice from Licensor of such default (which
                                         notice shall set forth in detail the particulars thereof) or, if such default is incapable
                                         of being cured within such twenty (20) business day period and steps are not taken by
                                         Licensee to cure such default as soon as possible thereafter, then this Trademark License
                                         Agreement shall terminate upon ten (10) days’ written notice by Licensor to Licensee.

 

		C.	If
                                         Licensee commences any action or proceeding and challenges the validity or Licensor’s
                                         ownership of the Trademarks, which action or proceeding the Licensee should have reasonably
                                         expected to result in and does result in the loss or restriction of Licensor’s
                                         rights in or to the Trademarks, this Trademark License Agreement shall terminate upon
                                         written notice by Licensor to Licensee.

 

		D.	If
                                         Licensee files applications to register the Trademarks in its own name and such challenge
                                         or application to register is not withdrawn by Licensee within twenty (20) business days
                                         following receipt of notice from Licensor that such challenge or application to register
                                         has been made, this 

    	6

    	

    

	 	 	Trademark License Agreement shall terminate upon written notice by
                                         Licensor to Licensee.

 

		E.	In
                                         the event of a Change in Control of the General Partner or the Partnership (as defined
                                         in the Partnership Management Agreement), this Trademark License Agreement shall terminate
                                         upon written notice by Licensor to Licensee (or its assignees).

 

		F.	Licensee
                                         may, in its sole discretion, terminate this Trademark License Agreement at any time upon
                                         ninety (90) days’ prior written notice to Licensor.

 

In the event of any material breach by a
party, the other party shall have all other rights available to it at law or in equity. Notwithstanding the foregoing, the parties
shall act reasonably to attempt to resolve any and all disputes under this Trademark License Agreement through good faith negotiations.
The parties have no obligation to participate in any mediation involving a third-party mediator.

 

		8.	Effect
                                         of Termination

 

		A.	Upon
                                         the termination of this Trademark License Agreement, and subject to Section 1(D), Licensee
                                         shall have a period of thirty (30) days to cease the use of the Trademarks, including
                                         the removal of any Trademarks from any Container Vessels (as defined in the Partnership
                                         Management Agreement) owned or leased by the Licensee, after which all rights granted
                                         to Licensee hereunder in the Trademarks shall revert to Licensor, and Licensee shall
                                         refrain from further use of the Trademarks or any further reference thereto, direct or
                                         indirect.

 

		9.	Representations,
                                         Warranties and Covenants

 

		A.	Licensor represents, warrants and covenants that:

 

		(i)	it owns the Trademarks;

 

		(ii)	it
                                         is not aware of any asserted claim that is reasonably likely to be material to Licensor’s
                                         use of the Trademarks by any third party with respect to the use of the Trademarks in
                                         connection with the Container Vessel Business in the Territory; and

 

		(iii)	it
                                         has the right to enter into this Trademark License Agreement, to grant the rights granted
                                         hereunder and to perform its obligations hereunder, and that to do so will not violate
                                         or conflict with any material term or provision of its articles or By-laws, or of any 

    	7

    	

    

	 	 	agreement, instrument, statute, rule, regulation, order or decree to which it is a party
                                         or by which it is bound.

 

	 	B.	Licensee represents, warrants and covenants that:

 

		(i)	it will not use the Trademarks in any manner not authorized by this Trademark License
Agreement;

 

		(ii)	it
                                         will comply with all laws and regulations applicable to the operation of the business,
                                         including any effect on the validity of any Trademark or the business or reputation of
                                         Licensor, except to the extent any non-compliance would not materially affect Licensor;
                                         and

 

		(iii)	it
                                         has the right to enter into this Trademark License Agreement and to consummate the transaction
                                         contemplated hereby, and that to do so will not violate or conflict with any material
                                         term or provision of its charter or By-laws, or of any agreement, instrument, statue,
                                         rule, regulation, order or decree to which it is a party, or by which it is bound.

 

		10.	Indemnification

 

Licensor and Licensee shall indemnify and hold each
other harmless from any and all liability, loss, damage or injury, including reasonable attorney’s fees, arising out of
a breach of any representation, warranty or covenant set forth herein; provided that the party seeking to enforce such
indemnity shall provide to the indemnifying party prompt written notice of any claim giving rise to such indemnity and the opportunity
to defend the same with counsel of its own choosing.

 

Licensee shall further indemnify and hold harmless
Licensor from and against any liability based upon claims by third parties arising out of the use of the Trademarks by Licensee
(or sub-licensee permitted hereunder) pursuant to the license granted hereunder, but excluding liability based upon claims that
the use of the Trademarks constitutes trademark infringement or unfair competition.

 

		11.	Notices

 

		A.	All
                                         notices, requests and other communications to any party hereunder shall be in writing
                                         (including facsimile transmission) and shall be given,

 

if to Licensor, to:

 

COSTAMARE SHIPPING COMPANY S.A.

60 Zephyrou Street & Syngrou
Avenue

    	8

    	

    

 

17564

Athens, Greece

Telephone No.: +30 210-949-0000

Fax No.: +30 210-940-6454

Attention: Chief Executive Officer

 

with copies to:

 

Cravath, Swaine & Moore LLP

Worldwide Plaza

825 Eighth Avenue

New York, New York 10019

Telephone No.: (212) 474-1270

Fax No.: (212) 474-3700

Attention: William P. Rogers, Jr.

 

if to Licensee, to:

 

Costamare PARTNERS
LP

60 Zephyrou Street & Syngrou Avenue

17564

Athens, Greece

Telephone No.: +30 210-949-0000

Fax No.: +30 210-940-6454

Attention: Chief Executive Officer

 

with copies to:

 

Cravath, Swaine & Moore LLP

Worldwide Plaza

825 Eighth Avenue

New York, New York 10019

Telephone No.: (212) 474-1270

Fax No.: (212) 474-3700

Attention: William P. Rogers, Jr.

 

or such other address or facsimile
number as such party may hereafter specify for the purpose by notice to the other parties hereto. All such notices, requests and
other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 17:00 in the
place of receipt and such day is a business day, in the place of receipt. Otherwise, any such notice, request or communication
shall be deemed not to have been received until the next succeeding business day in the place of receipt.

    	9

    	

    

		12.	Miscellaneous

 

	 	A.	Any provision of this Trademark License Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Trademark License Agreement or, in the case of a waiver, by each party against whom the waiver is to be effective and no failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.
	 	 	 
	 	B.	This Trademark License Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof; provided, however, that the laws of the respective jurisdictions of incorporation of each of the parties hereto shall govern the relative rights, obligations, powers, duties and other internal affairs of such party and its board of directors.
	 	 	 
	 	C.	Licensee and Licensor irrevocably submit to the exclusive jurisdiction of (i) the Supreme Court of the State of New York, New York County and (ii) the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Trademark License Agreement. Licensee and Licensor agree to commence any such action, suit or proceeding either in the United States District Court for the Southern District of New York, or if such suit, action or other proceeding may not be brought in such court for jurisdictional reasons, in the Supreme Court of the State of New York, New York County. Licensee and Licensor further agree that service of any process, summons, notice or document by U.S. registered mail to such party’s respective address set forth above shall be effective service of process for any action, suit or proceeding in New York with respect to any matters to which they have submitted to jurisdiction in this Section 12(C). Licensee and Licensor irrevocably and unconditionally waive any objection to the laying of venue of any action, suit or proceeding arising out of this Trademark License Agreement in (A) the Supreme Court of the State of New York, New York County or (B) the United States District Court for the Southern District of New York, and hereby and thereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.
	 	 	 
	 	D.	If any term, provision, covenant, restriction or other condition of this Trademark License Agreement is held by a court of competent jurisdiction or other authority to be invalid, illegal or incapable of being enforced by 

    	10

    	

    

	 	 	any rule or law, or public policy, all other terms, provisions, covenants, restrictions and conditions of this Trademark License Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either party. Upon such a determination, the parties shall negotiate in good faith to modify this Trademark License Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are consummated to the extent possible.
	 	 	 
	 	E.	This Trademark License Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties.
	 	 	 
	 	F.	Neither this Trademark License Agreement nor any of the rights, interests or obligations hereunder shall be assigned, in whole or in part, by operation of law or otherwise by either party without the prior written consent of the other party. Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Trademark License Agreement shall inure to the benefit of and be binding upon each of the parties hereto and upon their respective successors and assigns.
	 	 	 
	 	G.	EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS TRADEMARK LICENSE AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
	 	 	 
	 	H.	This Trademark License Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Trademark License Agreement and supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter of this Trademark License Agreement.
	 	 	 
	 	I.	The captions herein are included for convenience of reference only and shall be ignored as in the construction or interpretation hereof. The parties hereto agree that irreparable damage would occur if any provision of this Trademark License Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Trademark License Agreement or to enforce specifically the performance of the terms and provisions hereof.

 

[Remainder of page intentionally
left blank]

    	11

    	

    

IN WITNESS WHEREOF, the parties hereto have
executed this Trademark License Agreement as of the date first above written.

 

	 	Costamare PARTNERS LP,
	 	 
	 	 	By: COSTAMARE PARTNERS GP LLC, 
	 	 	its general partner
	 	 	 
	 	by:	 	 
	 	 	 	Name: Gregory Zikos	 
	 	 	 	Title: Chief Financial Officer	 
	 	 	 	 	 

	 	COSTAMARE SHIPPING COMPANY S.A.,
	 	 	 
	 	by:	 
	 	 	 	Name: 	Konstantinos

Konstantakopoulos	
	 	 	 	Title: President, Director	 

    	12

    	

    

Exhibit
A

 

Trademarks

 

	COSTAMARE
	

 

Trademark Registration Information

 

	Country	Title	Application Number	Registration Number
	European
    Union 	Community
    Trademark (wordmark)	002583110	002583110
	European
    Union	Community
    Trademark (figurative mark) 	002583144	002583144
	Hong
    Kong	Wordmark	 	300245989
	Hong
    Kong	Logo	 	300245970
	China	Wordmark	4142587	4142587
	China
    	Wordmark	4142586	4142586
	China	Wordmark	4142585	4142585
	China	Device	4142590	4142590
	China
    	Device	4142589	4142589
	China
    	Device	4142588	4142588

    	13EX-10.1

 Exhibit 10.1 

ACI WORLDWIDE, INC. 

Supplemental LTIP Performance Shares Agreement 

2005 Equity and Performance Incentive Plan 

(Amended by the Stockholders June 14, 2012 and further revised to reflect 3 for 1 stock 

split effective July 10, 2014) 

This Supplemental LTIP Performance Shares Agreement (this “Agreement”) is made as of the effective date set forth in Schedule A
hereto (the “Effective Date”) between ACI Worldwide, Inc., a Delaware corporation (the “Corporation”) and the individual identified in Schedule A hereto, an employee of the Corporation or its Subsidiaries (the
“Grantee”). 
 WHEREAS, the Board of Directors of the Corporation (the “Board of Directors”) has duly adopted, and the
stockholders of the Corporation have approved, the 2005 Equity and Performance Incentive Plan, as amended (the “Plan”), which authorizes the Corporation to grant to eligible individuals performance shares, each such performance share being
equal in value to one share of the Corporation’s common stock, par value of $0.005 per share (the “Common Shares”); and 

WHEREAS, the Board of Directors has determined that it is desirable and in the best interests of the Corporation and its stockholders to
approve a long-term incentive program and, in connection therewith, to grant the Grantee a certain number of performance shares, in order to provide the Grantee with an incentive to advance the interests of the Corporation, all according to the
terms and conditions set forth herein and in the Plan. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, the parties hereto do hereby agree as follows: 
  

	1.	Grant of Performance Shares. 

  

	 	(a)	Subject to the terms of the Plan, the Corporation hereby grants to the Grantee the number of performance shares (the “Performance Shares”) set forth in Schedule A, payment of which depends on the
Corporation’s performance as set forth in this Agreement and in the Statement of Performance Goals attached hereto and incorporated herein by this reference (the “Statement of Performance Goals”) approved by the Compensation Committee
of the Board of Directors (the “Committee”). 

  

	 	(b)	The Grantee’s right to receive all or any portion of the Performance Shares will be contingent upon the achievement of certain management objectives (the “Management Objectives”), as set forth in the
Statement of Performance Goals. The achievement of the Management Objectives will be measured during the performance period set forth on the Statement of Performance Goals. 

 

	 	(c)	The Management Objectives for the Performance Period will be as set forth on the Statement of Performance Goals. 

	2.	Earning of Performance Shares. 

  

	 	(a)	Threshold Level Requirement. If, upon the conclusion of the Performance Period, any of the Management Objectives fall below the threshold levels set forth in the performance matrix contained in the Statement of
Performance Goals (the “Performance Matrix”), none of the Performance Shares shall become earned. 

  

	 	(b)	Earning Calculation. If, upon the conclusion of the Performance Period, the Management Objectives equal or exceed the threshold levels set forth in the Performance Matrix, a proportionate number of the
Performance Shares shall become earned, as determined by mathematical interpolation and rounded up to the nearest whole share. 

  

	 	(c)	Modification. If the Committee determines that a change in the business, operations, corporate structure or capital structure of the Corporation, the manner in which it conducts business or other events or
circumstances render the Management Objectives to be unsuitable, the Committee may modify such Management Objectives or the related levels of achievement, in whole or in part, as the Committee deems appropriate; provided, however, that
in the case of an award to a Covered Employee intended to qualify for an exemption under Section 162(m) of the Internal Revenue Code of 1986 (the “Code”), no such action may result in the loss of the otherwise available exemption of
the award under Section 162(m). 

  

	 	(d)	Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the
Corporation or a Subsidiary through the end of the Performance Period. For purposes of this Agreement, the continuous employ of the Grantee shall not be considered interrupted or terminated in the case of transfers between locations of the
Corporation and its Subsidiaries. Following the Performance Period, with respect to Grantees that are Covered Employees, the Committee shall certify that the Management Objectives have been satisfied and shall determine the number of Performance
Shares that shall have become earned hereunder. In all circumstances, the Committee shall have the ability and authority to reduce, but not increase, the amount of Performance Shares that become earned hereunder. 

 

	3.	 Retirement, Disability, Death or Termination without Cause. If the Grantee’s employment with the Corporation or a Subsidiary
terminates following completion of the first full fiscal quarter of the Performance Period but before the payment of the Performance Shares as set forth in Section 6 below due to (a) the Grantee’s retirement approved by the
Corporation, (b) Disability (as defined below), (c) death or (d) a termination by the Corporation without cause, the Corporation shall pay to the Grantee or his or her executor or administrator, as the case may be, at the time
specified in Section 6, a number of Performance Shares equal to (i) the number of Performance Shares to which the Grantee would have been entitled under Section 2 above based on the performance of the Corporation for the full
Performance Period, multiplied by (ii) a fraction, the 

  
 2 

	 	
numerator of which is the number of full fiscal quarters the Grantee was employed during the Performance Period and the denominator of which is the number of full fiscal quarters in the
Performance Period. The remaining Performance Shares shall be forfeited. For purposes of this Agreement, “Disability” means the Grantee’s permanent and total disability as defined in Section 22(e)(3) of the Code.

  

	4.	Other Termination. If the Grantee’s employment with the Corporation or a Subsidiary terminates before the payment of the Performance Shares as provided in Section 6 hereof for any reason other
than as set forth in Section 3 above, the Performance Shares will be forfeited. 

  

	5.	Leaves of Absence. If the Grantee was on short-term disability, long-term disability or unpaid leave of absence approved by the Corporation for more than thirty (30) consecutive calendar days during
any fiscal quarter during Performance Period, the number of Performance Shares earned by the Grantee will be reduced such that the Grantee will only be entitled to (i) the number of Performance Shares to which the Grantee would have been
entitled under Section 2 above based on the performance of the Corporation during the Performance Period, multiplied by (ii) a fraction, the numerator of which is the number of fiscal quarters the Grantee was employed during the
Performance Period (excluding any fiscal quarters during which the Grantee was on a leave of absence for more than thirty (30) consecutive calendar days) and the denominator of which is the number of full fiscal quarters in the Performance
Period. 

  

	6.	Payment of Performance Shares. Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in
the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees,
the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the
Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned. 

  

	7.	Withholding of Taxes. 

  

	 	(a)	 The Grantee shall be liable for any and all federal, state, local or non-US taxes applicable to the Grantee, including, without limitation,
withholding taxes, social security/national insurance contributions and employment taxes, arising out of this grant of Performance Shares, the issuance of Common Shares as payment for earned Performance Shares hereunder or the payment of cash for
earned Performance Shares. In the event that the Corporation or the Grantee’s employer (the “Employer”) is required to withhold taxes as a result of the grant of the Performance Shares, the issuance of Common Shares as payment for
earned Performance Shares or the payment of cash for earned Performance Shares, the Grantee shall at the election of the Corporation, in its sole discretion, either (i) surrender a sufficient number of whole Common Shares, having a Market Value

  
 3 

	 	
per Share on the date such Performance Shares become taxable equal to the amount of such taxes, or (ii) make a cash payment, as necessary to cover all applicable required withholding taxes
and required social security/national insurance contributions on the date such Performance Shares become taxable, unless the Corporation, in its sole discretion, has established alternative procedures for such payment. If the number of shares
required to cover all applicable withholding taxes and required social security/national insurance contributions includes a fractional share, then Grantee shall deliver cash in lieu of such fractional share. All matters with respect to the total
amount to be withheld shall be determined by the Corporation in its sole discretion. 

  

	 	(b)	Regardless of any action the Corporation or the Grantee’s Employer takes with respect to any or all income tax, social security/national insurance, payroll tax, payment on account or other tax-related withholding
(“Tax-Related Items”), the Grantee acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by him is and remains the Grantee’s responsibility and that the Corporation and or the Employer (i) make
no representations nor undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this grant of Performance Shares, including the grant of Performance Shares, the issuance of Common Shares as payment for earned
Performance Shares, the payment of cash for earned Performance Shares or the subsequent sale of any Common Shares issued hereunder and receipt of any dividends; and (ii) do not commit to structure the terms or any aspect of this grant of
Performance Shares to reduce or eliminate the Grantee’s liability for Tax-Related Items. The Grantee shall pay the Corporation or the Employer any amount of Tax-Related Items that the Corporation or the Employer may be required to withhold as a
result of the Grantee’s participation in the Plan or the Grantee’s grant of Performance Shares, the Common Shares issued as payment for earned Performance Shares or the payment of cash for earned Performance Shares that cannot be satisfied
by the means previously described above in Section 7(a). The Corporation may refuse to issue Common Shares as payment of earned Performance Shares related thereto if the Grantee fails to comply with the Grantee’s obligations in connection
with the Tax-Related Items. 

  

	8.	 Forfeiture and Right of Recoupment. Notwithstanding anything contained herein to the contrary, by accepting these Performance Shares,
Grantee understands and agrees that if (a) the Corporation is required to restate its consolidated financial statements because of material noncompliance due to irregularities with the federal securities laws, which restatement is due, in whole
or in part, to the misconduct of Grantee, or (b) it is determined that the Grantee has otherwise engaged in misconduct (whether or not such misconduct is discovered by the Corporation prior to the termination of Grantee’s employment), the
Board of Directors or a committee thereof (in each case, the “Board”) may take such action with respect to the Performance Shares as the Board, in its sole discretion, deems necessary or appropriate and in the best interest of the
Corporation and its stockholders. Such action may include, without limitation, causing the forfeiture of unearned Performance Shares, requiring the transfer of ownership back to the

  
 4 

	 	
Corporation of Common Shares issued as payment for earned Performance Shares and still held by the Grantee, cash received by the Grantee as payment for earned Performance Shares and the
recoupment of any proceeds from the sale of Common Shares issued as payment for Performance Shares earned pursuant to this Agreement. For purposes of this Section 8, “misconduct” shall mean a deliberate act or acts of dishonesty or
misconduct which either (i) were intended to result in substantial personal enrichment to the Grantee at the expense of the Corporation or (ii) have a material adverse effect on the Corporation. Any determination hereunder, including with
respect to Grantee’s misconduct, shall be made by the Board in its sole discretion. Notwithstanding any provisions herein to the contrary, Grantee expressly acknowledges and agrees that the rights of the Board set forth in this Section 8
shall continue after Grantee’s employment with the Corporation or its Subsidiary is terminated, whether termination is voluntary or involuntary, with or without cause, and shall be in addition to every other right or remedy at law or in equity
that may otherwise be available to the Corporation. 

  

	9.	Cash Dividends. Cash dividends on the Performance Shares covered by this Agreement shall be sequestered by the Corporation from and after the Effective Date until such time as any of such Performance
Shares become earned in accordance with this Agreement, whereupon such dividends shall be converted into a number of Common Shares (based on the Market Value per Share on the date such Performance Shares become earned) to the extent such dividends
are attributable to Performance Shares that have become earned. To the extent that Performance Shares covered by this Agreement are forfeited, all of the dividends sequestered with respect to such Performance Shares shall also be forfeited. No
interest shall be payable with respect to any such dividends. 

  

	10.	Non-Assignability. The Performance Shares and the Common Shares subject to this grant of Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged,
encumbered or otherwise disposed of by the Grantee until they become earned as provided in this Agreement; provided, however, that the Grantee’s rights with respect to such Performance Shares and Common Shares may be transferred
by will or pursuant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of
the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Performance Shares or Common Shares. 

 

	11.	Adjustments. In the event of any change in the number of Common Shares by reason of a merger, consolidation, reorganization, recapitalization, or similar transaction, or in the event of a stock dividend,
stock split, or distribution to shareholders (other than normal cash dividends), the Committee shall adjust the number and class of shares subject to outstanding Performance Shares and other value determinations applicable to outstanding Performance
Shares. No adjustment provided for in this Section 11 shall require the Corporation to issue any fractional share. 

  

	12.	 Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the
provisions of Section 409A of the 

  
 5 

	 	
Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Grantee. This Agreement and the Plan shall be administered in a manner consistent with
this intent. 

  

	13.	Miscellaneous. 

  

	 	(a)	The contents of this Agreement are subject in all respects to the terms and conditions of the Plan as approved by the Board of Directors and the stockholders of the Corporation, which are controlling. The interpretation
and construction by the Board of Directors and/or the Committee of any provision of the Plan or this Agreement shall be final and conclusive upon the Grantee, the Grantee’s estate, executor, administrator, beneficiaries, personal representative
and guardian and the Corporation and its successors and assigns. Unless otherwise indicated, the capitalized terms used in this Agreement shall have the same meanings as set forth in the Plan. 

 

	 	(b)	The grant of the Performance Shares is discretionary and will not be considered to be an employment contract or a part of the Grantee’s terms and conditions of employment or of the Grantee’s salary or
compensation. The Grantee’s acceptance of this grant constitutes the Grantee’s consent to the transfer of data and information from non-U.S. entities related to the Corporation concerning or arising out of this grant to the Corporation and
to entities engaged by the Corporation to provide services in connection with this grant for purposes of any applicable privacy, information or data protection laws and regulations. 

 

	 	(c)	This Agreement, and the terms and conditions of the Plan, shall bind, and inure to the benefit of the Grantee, the Grantee’s estate, executor, administrator, beneficiaries, personal representative and guardian and
the Corporation and its successors and assigns. 

  

	 	(d)	This Agreement shall be governed by the laws of the State of Delaware (but not including the choice of law rules thereof). 

  

	 	(e)	Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto. The terms and conditions of this Agreement may not be modified, amended or waived,
except by an instrument in writing signed by a duly authorized executive officer at the Corporation. Notwithstanding the foregoing, no amendment shall adversely affect the Grantee’s rights under this Agreement without the Grantee’s
consent. 

  

	14.	 Notices. Any notice hereunder by the Grantee to the Corporation shall be in writing and shall be deemed duly given (i) if mailed or
delivered to the Corporation at its principal office, addressed to the attention of Stock Plan Administration, (ii) if electronically delivered to the e-mail address, if any, for Stock Plan Administration or (iii) if so mailed, delivered
or electronically delivered to such other address or e-mail address as the Corporation may hereafter designate by notice to the Grantee. Any notice hereunder by the Corporation to the Grantee shall be in writing and shall be deemed duly given
(i) if 

  
 6 

	 	
mailed or delivered to the Grantee at Grantee’s address listed in the Corporation’s records, (ii) if electronically delivered to the e-mail address, if any, for Optionee listed in
the Corporation’s records or (iii) if so mailed, delivered or electronically delivered to such other address or e-mail address as the Grantee may hereafter designate by written notice given to the Corporation. 

 

	15.	Electronic Delivery and Acceptance. The Corporation may, in its sole discretion, decide to deliver any documents or notices related to current or future participation in the Plan by electronic means. By
accepting the Performance Shares, electronically or otherwise, Grantee hereby consents to receive such documents or notices by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and
maintained by the Corporation or a third party designated by the Corporation, including the use of electronic signatures or click-through acceptance of terms and conditions or other electronic means such as an e-mail acknowledgement.

 This Agreement will be deemed to be signed by the Corporation and Grantee upon Grantee’s acceptance of the Notice of
Grant of Award attached as Schedule A. 

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]