Document:

exv10w41

 

Exhibit 10.41

Amendment to Purchase and Sale Agreement/Security Agreement

     The Purchase and Sale Agreement/Security Agreement by and between Amegy Bank National
Association and VIEWCAST.COM, INC. also dba VIEWCAST CORPORATION and OSPREY TECHNOLOGIES, INC.
and VIDEOWARE, INC. dated on or about                                          (the “Agreement”), is hereby amended to add the following
language to Section 10 of the Agreement:

In addition to all other fees, a 1% fee will be added to any Receivable purchased by
Purchaser from Seller, that is determined, in Purchaser’s sole
discretion, to be a Foreign Receivable. A Foreign Receivable is defined as Accounts
Receivable billed to an account debtor that resides/conducts business outside of the
United States, therefore potentially creating an obligation for payment outside of the United
States. The Fee shall be calculated on the Gross Amount of the Foreign Receivable.

As an inducement for Seller to sell only foreign invoices from which prompt payment can be
expected, Purchaser will remit a rebate of part of the Discount as follows:

If the Receivable is paid within 15 days of purchase by Purchaser, a rebate of
13.80% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 30 days of purchase by Purchaser, a rebate of
13.60% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 45 days of purchase by Purchaser, a rebate of
13.40% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 60 days of purchase by Purchaser, a rebate of
13.20% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 75 days of purchase by Purchaser, a rebate of
13.00% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 90 days of purchase by Purchaser, a rebate of
12.80% of the gross amount of the invoice will be remitted to Seller;

If the Receivable is paid within 120 days of purchase by Purchaser, a rebate of
7.80% of the gross amount of the invoice will be remitted to Seller.

DATED
this        day of                     , 2007.

	 	 	 	 	 
	 	PURCHASER:

AMEGY BANK NATIONAL ASSOCIATION

 	 
	 	By:  	 	 
	 	 	Name:  	Robin Gutierrez 	 
	 	 	Title:  	Vice President 	 
	 
	 	SELLER:

VIEWCAST.COM, INC. also dba VIEW CAST CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	David T. Stoner 	 
	 	 	Title:  	President 	 
	 
	 	SELLER:

OSPREY TECHNOLOGIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	David T. Stoner 	 
	 	 	Title:  	President 	 

 

 

	 	 	 	 	 
	 	SELLER:

VIDEOWARE, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	David T. Stoner 	 
	 	 	Title:  	President 	 
	 

THE STATE OF TEXAS

COUNTY OF                                         

     Before me,                                         , a notary public, on this day personally appeared
David T. Stoner, President of VIEWCAST.COM, INC. dba VIEWCAST CORPORATION and
OSPREY TECHNOLOGIES, INC. and VIDEOWARE, INC., known to me to be the person whose name is
subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the
purposes and consideration therein expressed.

     Given under my hand and seal of office this        day of                     , 2007.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	Notary Public — State of  Texas<PAGE>

                                                                    EXHIBIT 10.1

                          ROVING SOFTWARE INCORPORATED

                      1999 STOCK OPTION/STOCK ISSUANCE PLAN

     1. Purpose. This 1999 Stock Option/Stock Issuance Plan (the "Plan") is
intended to promote the interests of Roving Software Incorporated (the
"Company") by giving incentives to the eligible officers and other employees and
directors of and consultants and advisors to the Company, its parent (if any)
and any present or future subsidiaries of the Company (collectively, "Related
Corporations") through providing opportunities to acquire stock in the Company.
As used herein, the terms "parent" and "subsidiary" mean "parent corporation"
and "subsidiary corporation", respectively, as those terms are defined in
Sections 424(e) and 424(f) or successor provisions of the Internal Revenue Code
of 1986 as amended from time to time (the "Code").

     2. Structure of the Plan. The Plan permits the following separate types of
grant:

          A. Options may be granted hereunder to purchase shares of common stock
of the Company. These options may meet the requirements of Section 422 of the
Code ("Incentive Stock Options" or "ISOs"); or, they may not qualify as ISOs
("Non-Qualified Options"). Both ISOs and Non-Qualified Options are sometimes
referred to hereinafter as "Options".

          B. Awards of stock in the Company ("Awards") may be granted.

          C. Opportunities to make direct purchases of stock in the Company
("Purchases") may be authorized.

Options, Awards and authorizations to make Purchases are sometimes referred to
hereinafter as "Stock Rights".

     3. Administration of the Plan.

          A. The Plan shall be administered by the Board of Directors of the
Company (the "Board"). The Board may in its sole discretion grant Options,
authorize Purchases and grant Awards, as provided in the Plan. The Board shall
have full power and authority, subject to the express provisions of the Plan, to
construe and interpret the Plan and all Option agreements, Purchase
authorizations and Award grants thereunder, to establish, amend and rescind such
rules and regulations as it may deem appropriate for the proper administration
of the Plan, to determine in each case the terms and provisions which shall
apply to a particular Option agreement, Purchase authorization, or Award grant,
and to make all other determinations which are, in the Board's judgment,
necessary or desirable for the proper administration of the Plan. The Board may
correct any defect, supply any omission or reconcile any inconsistency in the
Plan or in any Option agreement, Purchase authorization or Award grant in the
manner and to the extent it shall, in its sole discretion, consider expedient.
Decisions of the Board shall be final and binding on all parties who have an
interest in the Plan or any Option, Purchase, Award, or stock issuance
thereunder. No director or person acting pursuant to authority delegated by the
Board shall be liable for any action or determination under the Plan made in
good faith.

          B. The Board may, to the full extent permitted by and consistent with
applicable law and the Company's By-laws, and subject to Subparagraph D
hereinbelow, delegate any or all of its powers with respect to the
administration of the Plan to a committee (the

<PAGE>

"Committee") appointed by the Board. If a Committee has been appointed, all
references in this Plan to the Board shall mean and relate to that Committee.

          C. Those provisions of this Plan which make express reference to Rule
16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or any successor rule ("Rule 16b-3"), or which are required in order for
certain option transactions to qualify for exemption under Rule l6b-3, shall
apply only to those persons required to file reports under Section 16(a) of the
Exchange Act (a "Reporting Person").

          D. If the Company registers any class of equity security under Section
12 of the Exchange Act, the selection of a director or an officer (as the terms
"director" and "officer" are defined for purposes of Rule 16b-3) as a recipient
of an option, the timing of the option grant, the exercise price of the option
and the number of shares subject to the option shall be determined either (i) by
the Board, if all of the Board members are disinterested persons within the
meaning of Rule 16(b)(3), or (ii) by two or more directors having full authority
to act in the matter, each of whom shall be such a disinterested person.

     4. Eligible Employees and Others. ISOs may be granted to any employee of
the Company or of any Related Corporation. No person who is not such an employee
may be granted an ISO. Non-Qualified Options, Awards, and authorizations to make
Purchases may be granted to any employee, officer or director of, or consultant
or advisor to the Company or any Related Corporation. The granting of any Stock
Right to any individual or entity shall neither entitle that individual or
entity to, nor disqualify him from, participation in any other grant of Stock
Rights.

     5. Stock. The stock subject to Options, Awards and Purchases shall be
authorized but unissued shares of common stock of the Company ("Common Stock"),
or shares of Common Stock reacquired by the Company in any manner. The aggregate
number of shares which may be issued under the Plan is Three Million One Hundred
Twelve Thousand Five Hundred (3,112,500), subject to adjustment as provided in
Paragraph 14. If any Option granted under the Plan shall expire or terminate for
any reason without having been exercised in full or shall cease for any reason
to be exercisable in whole or in part, or if the Company shall reacquire any
nonvested shares issued pursuant to Awards or Purchases, the unpurchased shares
subject to such Option, or such nonvested shares so reacquired shall again be
available for grants of Stock Rights under the Plan.

     6. Option Agreements. As a condition to the grant of an Option, each
recipient of an Option shall execute an option agreement in such form not
inconsistent with the Plan as the Board shall approve. These option agreements
may differ among recipients. Each option agreement with respect to an ISO shall
be subject to the provisions of the Plan applicable to ISOs. The Board may, in
its sole discretion, include additional provisions in option agreements,
including without limitation restrictions on transfer, repurchase rights,
commitments to pay cash bonuses, to make, arrange for or guarantee loans or to
transfer other property to optionees upon exercise of options, or such other
provisions as shall be determined by the Board; provided, however, that such
additional provisions shall not be inconsistent with any provision of the Plan
and such additional provisions shall not cause any ISO granted under the Plan to
fail to qualify as an incentive stock option within the meaning of Section 422
of the Code.

                                       2

<PAGE>

     7. Option Exercise Price.

          A. Subject to Subparagraph 3D of this Plan and Subparagraphs B and C
of this Paragraph 7, the purchase price per share of Common Stock deliverable
upon the exercise of an Option ("exercise price") shall be determined by the
Board.

          B. In the case of an ISO, the exercise price shall not be less than
100% of the fair market value of Common Stock, as determined by the Board, at
the time of grant of such option, or less than 110% of such fair market value in
the case of an ISO granted to the owner of stock possessing more than 10% of the
total combined voting power of all classes of stock of the Company or any
Related Corporation (after taking into account the attribution of stock
ownership rules of Section 424(d) of the Code) (a "10% Shareholder").

          C. The exercise price of each Non-Qualified Option granted under the
Plan shall in no event be less than the lesser of (i) the book value per share
of Common Stock as of the end of the fiscal year of the Company immediately
preceding the date of grant, or (ii) thirty percent (30%) of the fair market
value per share of Common Stock on the date of grant.

     8. Cancellation and New Grant of Options, Etc. The Board shall have the
authority to effect, at any time and from time to time, with the consent of the
affected optionees, (i) the cancellation of any or all outstanding Options and
the grant in substitution therefor of new Options covering the same or different
shares of Common Stock and having an exercise price per share which may be lower
or higher than the exercise price per share of the canceled Options, or (ii)
unless doing so would have the effect of causing an ISO to be treated as a
Non-Qualified Option, the amendment of the terms of any and all outstanding
Options to provide an exercise price per share which is higher or lower than the
then-current exercise price per share of such outstanding Options.

     9. Exercise of Options.

          A. Each Option granted under the Plan shall be exercisable either in
full or in installments at such time or times and during such period as shall be
set forth in the agreement evidencing the Option, subject to the provisions of
the Plan. Unless doing so would have the effect of causing an ISO to be treated
as Non-Qualified Option, the Board may, in its sole discretion, (i) accelerate
the date or dates on which all or any particular Option or Options granted under
the Plan may be exercised or (ii) extend the dates during which all, or any
particular, Option or Options granted under the Plan may be exercised.

          B. Options granted under the Plan may provide for payment of the
exercise price by delivery of cash or a check payable to the order of the
Company, or, to the extent (if at all) provided in the option agreement: (i) by
delivery to the Company of shares of Common Stock of the Company already owned
by the optionee having a fair market value determined by the Board to be equal
in amount to the exercise price of the Options being exercised, or (ii) by
delivery of a recourse promissory note of the optionee bearing interest payable
not less than annually at the applicable Federal rate as defined in Section
1274(d) of the Code and otherwise payable on such terms as are specified by the
Board, or (iii) by requesting that the Company withhold shares of Common Stock
of the Company issuable upon exercise of the Options having a fair market value
determined by the Board to be equal in amount to the exercise price of the
Options being exercised, or (iv) by any combination of the above methods of
payment.

                                       3

<PAGE>

     10. Option Period. Subject to earlier termination under other provisions of
this Plan, each Option and all rights thereunder shall expire on such date as
shall be set forth in the applicable option agreement, except that, in the case
of an ISO, such expiration date (the "Expiration Date") shall not be later than
ten years after the date on which the ISO is granted and, in the case of an ISO
granted to a 10% Shareholder as defined in Subparagraph 7B of this Plan, such
expiration date shall not be later than five years after the date on which the
ISO is granted.

     11. Nontransferabilitv of Options. ISOs shall not be assignable or
transferable by the optionee, either voluntarily or by operation of law, except
by will or the laws of descent and distribution, and, during the life of the
optionee, shall be exercisable only by the optionee. The foregoing restrictions
shall also apply to Non-Qualified Options except to the extent otherwise
provided in the agreement evidencing the Non-Qualified Option.

     12. Effect of Termination of Employment or Other Relationship. Except as
otherwise provided in Paragraph 10 and Subparagraph 13C with respect to ISOs,
and subject to all other provisions of the Plan, the Board shall determine the
period of time during which an optionee may exercise an Option following (i) the
termination of the optionee's employment or other relationship with the Company
or a Related Corporation or (ii) the death or disability of the optionee. Such
periods shall be set forth in the agreement evidencing the Option.

     13. Additional ISO Requirement. ISOs granted under the Plan are subject to
the minimum exercise price rules set forth in Subparagraph 7B hereof, the option
period rules of Paragraph 10 hereof, and various other restrictions set forth
elsewhere in this Plan. In addition, ISOs granted under the Plan are subject to
the following:

          A. Each ISO granted under the Plan shall, at the time of grant, be
specifically designated as such in the option agreement evidencing such Option.

          B. In no event shall the aggregate fair market value (determined at
the time an ISO is granted) of Common Stock for which ISOs granted to any
employee are exercisable for the first time by such employee during any calendar
year (under all stock option plans of the Company and any Related Corporation)
exceed One Hundred Thousand Dollars ($100,000); provided, however, that this
Subparagraph B shall have no force or effect if its inclusion in the Plan is not
necessary for Options issued as ISOs to qualify as incentive stock options
within the meaning of Section 422 of the Code. Any Option which would, but for
its failure to satisfy the foregoing restriction, qualify as an ISO shall
nevertheless be a valid Option, but to the extent of such failure it shall be
deemed to be a Non-Qualified Option.

          C. No ISO may be exercised unless, at the time of such exercise, the
optionee is, and has been continuously since the date of grant of the ISO,
employed by the Company or a Related Corporation, except that:

               (i) An ISO may be exercised within the period of three (3) months
          after the date the optionee ceases to be an employee of the Company
          and any Related Corporation (or within such lesser period as may be
          specified in the option agreement); provided, however, that the option
          agreement may designate a longer exercise period, in which case the
          exercise after such three-month period shall be treated as the
          exercise of a Non-Qualified Option.

                                       4

<PAGE>

               (ii) If the optionee dies while in the employ of the Company or a
          Related Corporation, or within three (3) months after the optionee
          ceases to be such an employee of the Company or a Related Corporation,
          the ISO may be exercised by the person to whom it is transferred by
          will or the laws of descent and distribution within the period of one
          (1) year after the date of death (or within such lesser period as may
          be specified in the option agreement).

               (iii) If the optionee becomes disabled (within the meaning of
          Section 22(e)(3) of the Code) while in the employ of the Company or a
          Related Corporation, the ISO may be exercised within the period of one
          (1) year after the date the optionee's employment ceases because of
          such disability (or within such lesser period as may be specified in
          the option agreement).

For all purposes of the Plan and any agreement evidencing an Option,
"employment" shall be defined in accordance with the provisions of Treasury
Regulation Section 1.421-7(h) under the Code (or any successor regulations).
Notwithstanding the foregoing provisions, no ISO may be exercised after its
Expiration Date.

     14. Adjustments.

          A. If, through or as a result of any merger, consolidation, sale of
all or substantially all of the assets of the Company, reorganization,
recapitalization, reclassification, stock dividend, stock split, reverse stock
split or other similar transaction, (i) the outstanding shares of Common Stock
are increased, decreased or exchanged for a different number or kind of shares
or other securities of the Company, or (ii) additional shares or new or
different shares or other securities of the Company or other non-cash assets are
distributed with respect to such shares of Common Stock or other securities, an
appropriate and proportionate adjustment shall be made in (a) the maximum number
and kind of shares reserved for issuance under the Plan, (b) the number and kind
of shares or other securities subject to any then outstanding Options under the
Plan, and (c) the price for each share subject to any then outstanding Options
under the Plan, without changing the aggregate purchase price as to which such
Options remain exercisable. No fractional shares shall be issued under the Plan
on account of any such adjustments. Notwithstanding the foregoing provisions of
this Subparagraph A, no adjustment shall be made pursuant to this Paragraph 14
if such adjustment would cause any ISO granted under the Plan to fail to qualify
as an incentive stock option within the meaning of Section 422 of the Code.

          B. Any adjustments under this Paragraph 14 shall be made by the Board
of Directors, whose determination as to what adjustments, if any, will be made
and the extent thereof shall be final, binding and conclusive.

     15. Rights as a Shareholder. The holder of an Option shall have no rights
as a shareholder with respect to any shares covered by the option (including,
without limitation, any voting rights, the right to inspect or receive the
Company's balance sheets or financial statements or any rights to receive
dividends or non-cash distributions with respect to such shares) until the date
of issue of a stock certificate for such shares. No adjustment shall be made for
dividends or other rights for which the record date is prior to the date such
stock certificate is issued.

                                       5

<PAGE>

     16. Merger, Consolidation, Asset Sale, Liquidation, Etc.

          A. Except as may otherwise be provided in the applicable option
agreement, in the event of a consolidation or merger or sale of all or
substantially all of the assets of the Company in which outstanding shares of
Common Stock are exchanged for securities, cash or other property of any other
corporation or business entity, or in the event of the liquidation of the
Company, the Board, or the board of directors of any corporation assuming the
obligations of the Company, shall, in its discretion, take any one or more of
the following actions, as to outstanding Options: (i) provide that such Options
shall be assumed, or equivalent options shall be substituted, by the acquiring
or succeeding corporation (or an affiliate thereof), provided, however, that any
such Options substituted for ISOs shall meet the requirements of Section 424(a)
of the Code; (ii) upon written notice to the optionees, provide that any and all
outstanding Options shall become exercisable in full (to the extent not
otherwise so exercisable) as of a specified date or time ("Accelerated Vesting
Date") prior to the consummation of such transaction, and that all unexercised
Options shall terminate as of a specified date or time ("Accelerated Expiration
Date") following the Accelerated Vesting Date unless exercised by the optionee
prior to the Accelerated Expiration Date; provided, however, that optionees
shall be given a reasonable period of time within which to exercise or provide
for the exercise of outstanding Options following such written notice and before
the Accelerated Expiration Date; (iii) in the event of a merger under the terms
of which holders of the Common Stock of the Company will receive upon
consummation thereof a cash payment for each share surrendered in the merger
(the "Merger Price"), terminate each outstanding Option in exchange for a
payment, made or provided for by the Company, equal in amount to the excess, if
any, of the Merger Price over the per-share exercise price of each such Option,
times the number of shares of Common Stock subject to such Option; or (iv)
terminate each outstanding Option in exchange for a cash payment equal in amount
to the product of the excess, if any, of the fair market value of a share of
Common Stock over the per-share exercise price of each such Option, times the
number of shares subject to such Option. The Board shall determine the fair
market value of a share of Common Stock for purposes of the foregoing, and the
Board's determination of such fair market value shall be final, binding and
conclusive.

          B. The Company may grant Options under the Plan in substitution for
Options held by employees of another corporation who become employees of the
Company or a Related Corporation as the result of a merger or consolidation of
the employing corporation with the Company or a Related Corporation, or as a
result of the acquisition by the Company or a Related Corporation of property or
stock of the employing corporation. The Company may direct that substitute
Options be granted on such terms and conditions as the Board considers
appropriate in the circumstances.

     17. Stock Restriction Agreement. As a condition to the grant of an Award or
a Purchase authorization under the Plan, the recipient of the Award or Purchase
authorization shall execute an agreement ("Stock Restriction Agreement") in such
form not inconsistent with the Plan as may be approved by the Board. Stock
Restriction Agreements may differ among recipients. Stock Restriction Agreements
may include any provisions the Board determines should be included and that are
not inconsistent with any provision of the Plan.

     18. No Special Employment Rights. Nothing contained in the Plan or in any
option agreement or other agreement or instrument executed pursuant to the
provisions of the Plan shall

                                       6

<PAGE>

confer upon any optionee any right with respect to the continuation of his or
her employment by the Company or any Related Corporation or interfere in any way
with the right of the Company or a Related Corporation at any time to terminate
such employment or to increase or decrease the compensation of the optionee.

     19. Other Employee Benefits. Except as to plans which by their terms
include such amounts as compensation, no amount of compensation deemed to be
received by an employee as a result of the grant or exercise of an Option or the
sale of shares received upon such exercise, or as a result of the grant of an
Award or the authorization or making of a Purchase will constitute compensation
with respect to which any other employee benefits of such employee are
determined, including, without limitation, benefits under any bonus, pension,
profit-sharing, life insurance or salary continuation plan, except as otherwise
specifically determined by the Board.

     20. Amendment of the Plan.

          A. The Board may at any time, and from time to time, modify or amend
the Plan in any respect, except as otherwise expressly provided in this Plan;
provided, however, that if at any time the approval of the shareholders of the
Company is required under the Code with respect to ISOs, or is required under
Rule 16b-3, the Board may not effect such modification or amendment without such
approval.

          B. The termination or any modification or amendment of the Plan shall
not, without the consent of an optionee, affect the optionee's rights under an
Option previously granted. With the consent of the optionee affected, the Board
may amend outstanding option agreements in a manner not inconsistent with the
Plan. The Board shall have the right to amend or modify (i) the terms and
provisions of the Plan and of any outstanding ISO granted under the Plan to the
extent necessary to qualify any or all such Options for such favorable federal
income tax treatment (including deferral of taxation upon exercise) as may be
afforded incentive stock options within the meaning of Section 422 of the Code,
and (ii) the terms and provisions of the Plan and of any outstanding Option to
the extent necessary to ensure the qualification of the Plan under Rule 16b-3.

     21. Investment Representations. The Board may require any person to whom an
Option is granted, as a condition of exercising such Option, and any person to
whom an Award is granted or a Purchase is authorized, as a condition thereof, to
give written assurances in substance and form satisfactory to the Board to the
effect that such person is acquiring the Common Stock subject to the Option,
Award or Purchase for such person's own account for investment and not with any
present intention of selling or otherwise distributing the same, and to such
other effects as the Company deems necessary or appropriate in order to comply
with federal and applicable state securities laws, or with covenants or
representations made by the Company in connection with any public offering of
its Common Stock.

     22. Compliance With Securities Laws. Each Option shall be subject to the
requirement that if, at any time, counsel to the Company shall determine that
the listing, registration or qualification of the shares subject to such Option
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental or regulatory body, or that the disclosure of
non-public information or the satisfaction of any other condition is necessary
as a condition of, or in connection with, the issuance or purchase of shares
thereunder, such Option may not be exercised, in whole or in part, unless such
listing, registration,

                                       7

<PAGE>

qualification, consent or approval, or satisfaction of such condition shall have
been effected or obtained on conditions acceptable to the Board. Nothing herein
shall be deemed to require the Company to apply for or to obtain such listing,
registration or qualification, or to satisfy such condition.

     23. Withholding. The Company shall have the right to deduct from payments
of any kind otherwise due to the optionee any federal, state or local taxes of
any kind required by law to be withheld with respect to any shares issued upon
exercise of Options under the Plan or upon the grant of an Award, the making of
a Purchase of Common Stock for less than its fair market value, the making of a
Disqualifying Disposition (as defined in Paragraph 24), or the vesting of
restricted Common Stock acquired pursuant to a Stock Right. The Board in its
sole discretion may condition the exercise of an Option, the grant of an Award,
the making of a Purchase, or the vesting of restricted shares acquired by
exercising a Stock Right on the grantee's payment of such additional withholding
taxes. Subject to the prior approval of the Company, which may be withheld by
the Company in its sole discretion, the grantee may elect to satisfy such
obligations, in whole or in part, (i) by causing the Company to withhold shares
of Common Stock otherwise issuable pursuant to the exercise of a Stock Right or
(ii) by delivering to the Company shares of Common Stock already owned by the
grantee. The shares so delivered or withheld shall have a fair market value
equal to such withholding obligation, and shall not be subject to any
repurchase, forfeiture, unfulfilled vesting or other similar requirements. The
fair market value of the shares used to satisfy such withholding obligation
shall be determined by the Company as of the date that the amount of tax to be
withheld is to be determined. Notwithstanding the foregoing, in the case of a
Reporting Person, no election to use shares for the payment of withholding taxes
shall be effective unless made in compliance with any applicable requirements of
Rule 16b-3 (unless it is intended that the transaction not qualify for exemption
under Rule l6b-3).

     24. Notice to Company of Disqualifying Disposition. Each employee who
receives an ISO must agree to notify the Company in writing immediately after
the employee makes a Disqualifying Disposition, as hereinafter defined, of any
Common Stock acquired pursuant to the exercise of an ISO. A Disqualifying
Disposition is any disposition (including any sale) of such Common Stock before
the later of (a) two (2) years after the date the employee was granted the ISO
or (b) one (1) year after the date the employee acquired Common Stock by
exercising the ISO. If the employee has died before such stock is sold, these
holding period requirements do not apply and no Disqualifying Disposition can
occur thereafter.

     25. Effective Date and Duration of the Plan.

          A. The Plan shall become effective when adopted by the Board, but no
Stock Right granted under the Plan shall become exercisable unless and until the
Plan shall have been approved by the Company's shareholders. If such shareholder
approval is not obtained within twelve months after the date of the Board's
adoption of the Plan, Stock Rights previously granted under the Plan shall not
vest and shall terminate and shall be null and void and no Stock Rights shall be
granted thereafter under the Plan. Amendments to the Plan not requiring
shareholder approval shall become effective when adopted by the Board;
amendments requiring shareholder approval shall become effective when adopted by
the Board, but no stock Right granted after the date of such amendment shall
become exercisable (to the extent that such amendment to the Plan was required
to enable the Company to grant such stock Right to a particular person) unless
and

                                       8

<PAGE>

until such amendment shall have been approved by the Company's shareholders. If
such shareholder approval is not obtained within twelve months of the Board's
adoption of such amendment, any Stock Rights granted on or after the date of
such amendment shall terminate and become null and void to the extent that such
amendment was required to enable the Company to grant such Stock Rights to a
particular person. Subject to this limitation, Stock Rights may be granted under
the Plan at any time after the effective date and before the termination date of
the Plan.

          B. Unless sooner terminated as provided elsewhere in this Plan, this
Plan shall terminate upon the close of business on the day next preceding the
tenth anniversary of the date of its adoption by the Board. Stock Rights
outstanding on such date shall continue to have force and effect in accordance
with the provisions of the instruments evidencing such Stock Rights.

              Adopted by the Board of Directors on March 16, 1999.

                                       9

<PAGE>

                                  AMENDMENT TO
                      1999 STOCK OPTION/STOCK ISSUANCE PLAN
                                       OF
           CONSTANT CONTACT, INC. (f/k/a ROVING SOFTWARE INCORPORATED)

The 1999 Stock Option/Stock Issuance Plan of Constant Contact, Inc. (formerly,
Roving Software Incorporated) be and hereby is amended by deleting Section 14
thereof in its entirety and substituting in lieu thereof the following:

     14. Adjustments. If, through or as a result of any merger, consolidation,
sale of all or substantially all of the assets of the Company, reorganization,
recapitalization, reclassification, stock dividend, stock split, reverse stock
split or other similar transaction, (i) the outstanding shares of Common Stock
are increased, decreased or exchanged for a different number or kind of shares
or other securities of the Company, or (ii) additional shares or new or
different shares or other securities of the Company or other non-cash assets are
distributed with respect to such shares of Common Stock or other securities, an
equitable adjustment shall be made in the manner determined by the Board of
Directors in (a) the maximum number and kind of shares reserved for issuance
under the Plan, (b) the number and kind of shares or other securities subject to
any then outstanding Options under the Plan, and (c) the price for each share
subject to any then outstanding Options under the Plan, without changing the
aggregate purchase price as to which such Options remain exercisable. No
fractional shares shall be issued under the Plan on account of any such
adjustments. Notwithstanding the foregoing provisions of this Paragraph 14 no
adjustment shall be made pursuant to this Paragraph 14 if such adjustment would
cause any ISO granted under the Plan to fail to qualify as an incentive stock
option within the meaning of Section 422 of the Code.

                                        Adopted by the Board of Directors
                                        on April 12, 2007

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