Document:

Separation and Mutual Release Agreement

 Exhibit 10.1 
 SEPARATION AND 
 MUTUAL
RELEASE AGREEMENT 
 This Separation and Mutual Release Agreement (the “Agreement”) is
entered into as of June 16, 2006 (the “Effective Date”), by and between Borland Software Corporation, a Delaware corporation (the “Company”), and Timothy J. Stevens (the “Executive”). 
 In consideration of the mutual covenants and agreements set forth below, the parties hereto, intending to be legally bound hereby, agree as follows:

  

	1.	Executive’s last day of employment with the Company will be June 16, 2006 (the “Separation Date”). Executive hereby resigns all officer and other positions with
the Company and any of its subsidiaries as of the Separation Date. 

  

	2.	The Company shall pay Executive (i) an in-lieu of retention payment of $130,000 upon the Separation Date, and (ii) a severance payment of $130,000 in accordance with his
Addendum to Offer Letter for Severance Benefits six (6) months following the Separation Date. The payments shall be less applicable tax withholding as determined by the payroll department of the Company and shall be hand delivered to Executive
or mailed to Executive at his last known address. 

  

	3.	Upon the Separation Date, Executive shall also be entitled to the following: 

  

	 	(a)	Provide Employee elects COBRA coverage, the Company shall pay COBRA premiums necessary to continue in the group medical, dental, vision and employee assistance program for Employee
and his dependents through June 30, 2007, or the date on which Employee first becomes enrolled in a new group health insurance program with another employer, whichever first occurs. Employee agrees to promptly notify the Company Benefits
Department in the event that he becomes in a new group health insurance program; 

  

	 	(b)	retain, for his personal use, the possession of, and the Company hereby transfers ownership of, the Company-issued laptop computer, monitor, printer and docking station used by
Executive prior to the Separation Date together with the related loaded software, accessories and power cords, provided, however, that the Company shall be entitled to image the laptop prior to such transfer and Executive shall remove all
proprietary and confidential information that exists on such computer; 

  

	 	(c)	retain, for his personal use, the possession of, and the Company hereby transfers ownership of, a Borland watch previously provided to Executive; 

  

	4.	Executive agrees that except for the items described in this Agreement and Executive’s final payroll check and expense reimbursements, the Company has paid to Executive on

 the Separation Date all compensation, including, but not limited to, any and all wages, commissions,
bonuses and vacation pay that Employee earned during his employment with the Company until and including the Separation Date. Except as set forth in this Agreement, the Executive shall not be entitled to any further monetary payments or other
benefits of any kind, including, but not limited to, any equity-based compensation from the Company. 
  

	5.	Executive, on behalf of himself and his successors, assigns, heirs and any and all other persons claiming through the Executive, if any, and each of them, shall and does hereby
forever relieve, release, and discharge the Company and its affiliates and their respective predecessors, successors, assigns, representatives, affiliates, parent corporations, subsidiaries (whether or not wholly-owned), divisions, and their
officers, directors, agents and employees, and each of them, in any and all capacities, from any and all claims, debts, liabilities, demands, obligations, liens, promises, acts, agreements, costs and expenses (including, but not limited to,
attorneys’ fees), damages, actions and causes of action, of whatever kind or nature, including, without limitation, any statutory, civil or administrative claim, or any claim, arising out of acts or omissions occurring before the execution of
this Separation and Mutual Release Agreement, whether known or unknown, suspected or unsuspected, fixed or contingent, apparent or concealed (collectively referred to as “claims”), including, but not limited to, any claims based on,
arising out of, related to or connected with the Executive’s employment or the termination thereof, and any and all facts in any manner arising out of, related to or connected with the Executive’s employment with, or termination of
employment from, the Company and its subsidiaries and affiliates, including, but not limited to, any claims arising from rights under federal, state, and local laws prohibiting discrimination on the basis of race, national origin, sex, religion,
age, marital status, pregnancy, handicap, ancestry, sexual orientation, or any other form of discrimination, and any common law claims of any kind, including, but not limited to, contract, tort, and property rights including, but not limited to,
breach of contract, breach of the implied covenant of good faith and fair dealing, tortious interference with contract or current or prospective economic advantage, fraud, deceit, misrepresentation, defamation, wrongful termination, infliction of
emotional distress, breach of fiduciary duty, and any other common law claim of any kind whatever. 

  

	6.	Nothing herein shall be deemed to release the Company in respect of (i) the Executive’s rights under his Offer Letter or any other agreement with the Company (including,
but not limited to, any stock option agreements or stock purchase agreements), (ii) any rights of the Executive to indemnification or reimbursement under the Company’s by-laws, certificate of incorporation, employed lawyers professional
liability insurance policies or directors and officers liability insurance policies, or pursuant to applicable law, or under any Indemnification Agreement, (iii) any rights the Executive may have to vested benefits under any Company employee
benefit plan or program. For the avoidance of doubt, and without limitation, the Company confirms that Executive shall remain covered by the Indemnity Agreement between Company and the Executive, by all insurance policies to which Executive is a
beneficiary, and by all indemnification and reimbursement provisions of the articles of incorporation, certificates of incorporation, 

 by-laws and/or other charter documents of Company and/or indirect subsidiaries of Company for which
Executive served as an officer or director as such provisions exist on the Separation Date, for all actions taken as an officer, employee or agent of Company or as an officer, director or agent of any of its direct and/or indirect subsidiaries. The
Company covenants that (i) as long as it maintains any directors’ and officers’ insurance policy which provides coverage for other officers and/or directors of the Company, who served as officers and/or directors of the Company
concurrently with Executive, for circumstances that arose during the same period as Executive served in the capacity as an officer or director the Company, and (ii) as long as it maintains any employed lawyers professional liability insurance
policy which provides coverage to other employed lawyers, who served as employed lawyers concurrently with Executive, for circumstances that arose during the same period as Executive served in an employed lawyer capacity, the Company shall not make
any request to any carrier of any directors’ and officers’ insurance policy, or any employed lawyers professional liability insurance policy, to exclude Executive from such same coverage. 
  

	7.	The Executive acknowledges that he has read section 1542 of the Civil Code of the State of California, which states in full: 

 A general release does not extend to claims which the creditor does not know or suspects to exist in his or her favor at the time of executing the
release, which if known by him or her must have materially affected his or her settlement with the debtor. 
  

	8.	The Executive waives any rights that he has or may have under section 1542 of the Civil Code of the State of California to the full extent that he may lawfully waive such rights
pertaining to this release, and affirms that he is releasing all known and unknown claims that he has or may have against any of the parties referred to herein. 

  

	9.	The Company, on behalf of itself and each of its direct and indirect subsidiaries and each of their affiliates, their respective successors and assigns, and any and all other
persons claiming through any and each of them, shall and does hereby forever relieve, release, and discharge the Executive and his successors, assigns, and heirs, from any and all claims, debts, liabilities, demands, obligations, liens, promises,
acts, agreements, costs and expenses (including, but not limited to, attorneys’ fees), damages, actions and causes of action, of whatever kind or nature, including, without limitation, any statutory, civil or administrative claim, or any claim,
arising out of acts or omissions occurring before the execution of this Separation and Mutual Release Agreement, whether known or unknown, suspected or unsuspected, fixed or contingent, apparent or concealed (collectively referred to as
“claims”), including, but not limited to, any claims based on, arising out of, related to or connected with the subject matter of the Executive’s employment or the termination thereof, and any and all facts in any manner arising out
of, related to or connected with the Executive’s employment with, or termination of employment from, the Company and its subsidiaries and affiliates, including, but not limited to, statutory and common law claims of any kind, including, but not
limited to, contract, tort, and property rights including, but not limited to, breach of contract, breach 

 of the implied covenant of good faith and fair dealing, tortious interference with contract or current or
prospective economic advantage, fraud, deceit, misrepresentation, defamation, wrongful termination, infliction of emotional distress, breach of fiduciary duty, and any other common law claim of any kind whatever. 
  

	10.	The Company waives any rights that it may have under section 1542 of the Civil Code of the State of California to the full extent that it may lawfully waive such rights pertaining
to this release, and affirms that it is releasing all known and unknown claims that it has or may have against the Executive and his successors, assigns and heirs. 

  

	11.	Nothing herein shall be deemed to release the Executive in respect of the Company’s rights under the Employee Confidentiality and Assignment of Inventions Agreement attached
hereto as Exhibit A and incorporated by reference therein, and any rights the Company has under the Employment Agreement. 

  

	12.	All materials that the Executive is required to turn over to the Company upon termination of his employment with the Company, pursuant to paragraph 7 of the Employee Confidentiality
and Assignment of Inventions Agreement shall be turned over to the Company not later than June 30, 2006. 

  

	13.	This Agreement is binding on and may be enforced by the Company and its successors and assigns and is binding on and may be enforced by the Executive and his heirs and legal
representatives. Any successor to the Company or any purchaser of substantially all of its business (whether by purchase, merger, consolidation or otherwise) will be bound by all of the Company’s obligations under this Agreement, including,
without limitation, the provision of the benefits payable pursuant to Sections 2 and 3 hereof and the indemnification and reimbursement provisions of Section 6 hereof. 

  

	14.	This Agreement represents the full and complete understanding and agreement between the Company and the Executive regarding his separation from the Company, and supersedes all other
agreements or understandings, including any provisions regarding separation contained in the Offer Letter and Addendum to Offer Letter for Severance Benefits. This Agreement may only be waived or amended in writing, signed by both the Company and
the Executive. 

  

			
	 /s/ Timothy J. Stevens

	TIMOTHY J. STEVENS
	
	BORLAND SOFTWARE CORPORATION
		
	By:	 	 /s/ Tod Nielsen

	Its:	 	President and Chief Executive Officer

 Exhibit A 
 Employee Confidentiality and Assignment of Inventions Agreement 

			
	

	 	 Employee Confidentiality
 And Assignment of Inventions Agreement

 You are being hired and paid to perform services as an employee of Borland Software Corporation
(“Borland”) in a capacity in which you may have access to, or contribute to, the production of highly sensitive and valuable information and material. This information and material has been developed or obtained by Borland by the
investment of significant time, effort, and expense, and provides Borland with a significant competitive advantage in its business. Borland’s relationship with its employees is based on trust, and each individual who works for Borland is
expected to maintain a high degree of loyalty to Borland and professionalism in carrying out their responsibilities for the company. We are in a highly competitive business and we want to succeed by the rules, “fair and square.” For these
reasons, we ask that you carefully read, initial where indicated, sign, and adhere to the following agreement: 
 1. Please read the attached definition of
“Borland Confidential Information” in Exhibit A. 
 In consideration for your employment and the compensation to be paid to you for your
services, you agree to keep Borland Confidential Information in strict confidence during the term of your employment and for three (3) years after such term of employment. TS (initial) 
 This means that you agree not to reveal, report, publish, disclose, transfer or use, directly or indirectly, for any purposes whatsoever, any Borland Confidential
Information, except in the course of your work for Borland. This obligation of confidentiality commences on your first day of employment and continues for three years after your employment with Borland has ended. 
 2. Borland is interested in employing you because of your skills and abilities — not because of any trade secrets or confidential information you may have learned
elsewhere. Thus, it is Borland’s policy to avoid situations where information or materials might come into our hands that are considered proprietary by individuals or companies other than Borland. It is important that you take care not to
bring, even inadvertently, any books, drawings, notes, materials, etc., except your own personal effects, that you may have in your possession relating to any of your former employers. 
 You agree not to disclose to Borland any confidential or proprietary information belonging to any previous employer or others. TS (initial) 
 3. If you know of any obligations or information that may conflict with your work for Borland, let us know. 
 You agree
to inform Borland of any apparent conflict between your work for Borland and (i) any obligations you may have to preserve the confidentiality of another’s proprietary information or materials, (ii) any rights you claim to any patent,
copyrights, trade secrets, or other inventions or ideas, or (iii) any patent, copyrights, trade secrets, inventions or ideas of any person or company not connected with Borland before performing that work. TS (initial) 
 Without such notice, Borland may conclude that no such conflict exists. To the extent the conflict relates to your personal rights and you fail to notify Borland
thereof, you agree thereafter to make no claim against Borland with respect thereto. Borland shall receive all such disclosures in confidence. 
 4. Borland
Confidential Information, and whatever you create while working at Borland, including all ideas, procedures, processes, designs, inventions, discoveries, technologies, know-how, show-how, documents and works of authorship, is owned by Borland. In
part, that is what we’re paying you for. 

 You agree that, upon creation, all right, title, and interest in any such developments, including Borland Confidential
Information, is and shall remain the exclusive property of Borland. To the extent that it is required to ensure compliance with the foregoing sentence, you assign all right title and interest in and to any patents, copyrights, or trademarks or other
intellectual property rights in any such developments to Borland. An assignment of copyright hereunder shall include, but is not limited to, all rights of paternity, integrity, disclosure and withdrawal that may be known as or referred to as
“moral rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following is allowed by the laws in the various countries where Moral Rights exist, I
hereby waive such Moral Rights and consent to any action of the Company that would violate such Moral Rights in the absence of such consent. I will confirm any such waivers and consents from time to time as requested by Borland. Any copyrightable
material created as a result of any work you do for Borland during the term of your employment shall be considered a “work made for hire” of Borland under the U.S. Copyright Act, 17 U.S.C. 101. You agree that you will sign any papers
necessary with respect to patents, copyrights, or trademarks to confirm and protect the interest of Borland in such developments and Confidential Information. Further you agree not to file for or obtain in your name any patent, copyright or
trademark registration covering any developments made during your employment with Borland, unless Borland approves such filing in writing in advance. You hereby irrevocably transfer all ownership of such developments (including any and all patent
rights, copyrights, trade secret rights, and other proprietary rights therein) to Borland. You agree immediately to disclose to Borland all protectable developments, including Borland Confidential Information, developed in whole or in part by you
during the term of your employment with Borland. If Borland is unable for any reason whatsoever, including your mental or physical incapacity, to secure your signature on a document to apply for or pursue patent, trademark or copyright registrations
or any document transferring ownership thereof, resulting from your work for Borland, you hereby irrevocably designate and appoint Borland and its duly authorized officers and agents, as your agents and attorneys-in-fact to act for and in behalf of
you, and instead of you, to execute and file any documents and to do all other lawful acts to further the above purposes with the same legal force and effect as if executed by you. This appointment is coupled with an interest in and to the relevant
inventions and works of authorship and shall survive your death or disability. TS (initial) 
 5. But we do not own everything you do while you are
employed by Borland. The foregoing shall not apply to any invention, work of authorship, protectable development or other thing or idea whatsoever for which no equipment, supplies, facilities, or Borland Confidential Information was used, which was
developed entirely on your own time, and which does not in any material way (i) relate to the business of Borland, (ii) relate to Borland’s actual or demonstrable anticipated research or development, or (iii) result from any work
performed by you for Borland. This confirms that we recognize your rights under Section 2870 of the California Labor Code (or similar rights if you work for us in another state). 
 You agree that you have provided a complete list in Exhibit B of all patents, patent applications or inventions that you believe to be patentable and which are owned by you or by others, conceived or made by you
prior to your employment by Borland or during your employment with Borland which meet the criteria set forth in the preceding paragraph. With respect to patent applications or inventions of others that you are required to maintain in confidence, the
listing should be general, e.g., by title, so that no confidential information of others is disclosed to Borland. If no such list is attached in Exhibit B, you represent that you have not made, conceived or reduced to practice any such patent rights
or patentable ideas, and you agree that Borland shall have a royalty-free license under such inventions and related patents or other rights to make, use and sell any product covered thereby. TS (initial) 

 6. You and Borland’s other employees are extremely important to us. Because of the nature of our business and the
intangible nature of our trade secrets, it is necessary to afford Borland fair protection from the loss of our employees. 
 You agree, for a period
ending one (1) year after the termination of your employment with Borland, not to solicit, or attempt to solicit, directly or indirectly, any individual who is an employee of Borland, whether for or on behalf of you or for any entity in which
you have a direct or indirect interest whether as a proprietor, partner, stockholder, employee, agent, representative, or otherwise. TS (initial) 
 7.
Should you leave Borland, we would expect you, and any future employer of yours, to demonstrate the same professionalism that we now expect from you and our own employees and we also agree to demonstrate a high degree of professionalism. 

You agree, upon the termination of your employment with Borland, to turn over to Borland all notes, data, diskettes, tapes, reference items, sketches, drawings,
memoranda, records, and other materials in your possession or control which in any way relate to any of the Borland Confidential Information, and not to make any further use of such material. TS (initial) 
 8. In view of the fact that the principal office of Borland is located in the State of California, it is understood and agreed that the construction and interpretation
of this agreement shall at all times and in all respects be governed by the substantive laws of the State of California without regard to conflicts or choice of law rules thereof or of any other jurisdiction. Nothing contained in this Agreement
shall restrict the right of Borland to terminate your employment or position at any time, with or without notice and with or without cause. By your execution of this Agreement you acknowledge and agree that your employment is “at will.”
The term “at will” means that both you and Borland have the right to terminate employment any time with or without advanced notice, and with or without cause. This “at will” employment relationship can be varied only in a writing
that is signed by the Senior Vice President of Corporate Services, or a similarly situated executive, of Borland. From time to time it may be necessary to have you execute documents confirming Borland’s ownership of the results of your work for
Borland and you agree to execute such documents as Borland may request from time to time whether during your employment or thereafter. 
 You agree that
the breach or alleged breach by Borland of (i) any term or condition contained in another agreement (if any) between you and Borland or (ii) any obligation owed to you by Borland, shall not affect the validity or enforceability of the
terms of this Agreement. This Agreement, together with any accepted offer letter for your employment and any other agreements referred to therein, constitutes the full and complete understanding between you and Borland with respect to the subject
matter hereof and supersedes all prior and contemporaneous representations and understandings, whether written or oral, relating to the subject matter hereof, all of which are hereby cancelled to the extent they are not specifically merged into this
Agreement. There are no other promises, agreements, or representations, oral or written, relating to the subject matter hereof, upon which you have relied in entering into employment with Borland. TS (initial) 
 I have carefully read and considered the provisions of this agreement. I understand and acknowledge that the terms and conditions set forth herein are fair and appear
reasonably required for the protection of Borland and its business. TS (initial) 

 I acknowledge receipt of a copy of this agreement. 
  

	
	Timothy J. Stevens
	Print Name
	
	10/1/03
	Date Signed
	
	/s/ Timothy J. Stevens
	Signature
	
	   
	Social Security Number
	Mailing Address
	City, State and Zip Code

 Exhibit A 
 Definition of Borland Confidential Information 
 For purposes of this Confidentiality Agreement, “Borland
Confidential Information” shall mean and include the following types of information (whether or not reduced to writing or placed in any tangible medium of expression, and whether or not patentable or protectable by copyright) owned or developed
by Borland: 
  

	 	•	 	information or material proprietary to Borland or treated as confidential by Borland and not generally known by non-Borland personnel, which you develop or which you may obtain
knowledge of or access to, through or as a result of your relationship with Borland (including information conceived, originated, discovered, or developed in whole or in part by you); 

  

	 	•	 	discoveries, ideas, inventions, concepts, software in various stages of development, source code, object code, designs, drawings, specifications, techniques, models, data,
documentation, diagrams, flow charts, research, development, processes, procedures, “know-how;” 

  

	 	•	 	marketing techniques and materials, marketing and development plans; 

  

	 	•	 	product development and distribution; plans for future development and distribution; 

  

	 	•	 	operational methods, technical processes and other business affairs and methods; 

  

	 	•	 	customer names, licensing and royalty arrangements, and other information related to customers; 

  

	 	•	 	price lists, pricing policies, profits, sales, financial information; 

  

	 	•	 	and employee information. 

 Borland Confidential Information also includes
any information or materials obtained by Borland from third parties in confidence (or subject to nondisclosure or similar agreements), whether or not owned or developed by Borland. 
 Failure to mark any of the Borland Confidential Information as confidential or proprietary shall not affect its status as being part of the Borland Confidential Information. Information that is publicly known or
generally employed by the trade at or after the time you first learn of such information, or generic information or knowledge which you would have learned in the course of similar employment or work elsewhere in the trade, shall not be deemed part
of the Borland Confidential Information. 

 Exhibit B 
 List of Prior Patents and InventionsChange-In-Control Agreement

 Exhibit 10.1 
 CHANGE-IN-CONTROL SEVERANCE AGREEMENT 
 THIS AGREEMENT, dated as of May 31, 2006, by and between
SeaChange International, Inc., with its principal place of business at 50 Nagog Park, Acton, Massachusetts 01720 (the “Company”), and Randy Banton (the “Executive”). 
 WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel,
and recognizes that, as is the case with many publicly held corporations, the possibility of a change in control may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the
distraction or departure of management personnel to the detriment of the Company and its stockholders; and 
 WHEREAS, the Board of Directors
of the Company has determined that appropriate steps should be taken to reinforce and encourage the Executive’s continued attention and dedication to the Executive’s assigned duties without distraction in the face of potentially disturbing
circumstances arising from the possibility of a change in control of the Company, although no such change is presently known to be contemplated. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 Section 1 
 DEFINITIONS

 Except as may otherwise be specified or as the context may otherwise require, the following terms shall have the respective meanings set
forth below whenever used herein: 
 “Annual Bonus” shall mean the annual bonus, if any, or if the Executive is paid a bonus on a
quarterly basis, the sum of the four quarterly bonus payments, paid to the Executive for the Company’s fiscal year immediately prior to the fiscal year in which the Date of Termination occurs, or, if greater, the fiscal year immediately
preceding such prior fiscal year, as well as the lesser of (i) the aggregate amount of sales commissions, if any, paid to the Executive for the Company’s fiscal year immediately prior to the fiscal year in which the Date of Termination
occurs, or, if greater, the fiscal year immediately preceding such prior fiscal year, or (ii) the average annual amount of sales commissions, if any, paid to the Executive for the three fiscal years immediately prior to the fiscal year in which
the Date of Termination occurs. 
 “Base Salary” shall mean the annual base rate of regular compensation of the Executive
immediately before a Covered Termination, or if greater, the highest annual such rate at any time during the 12-month period immediately preceding the Covered Termination. 
 “Board” shall mean the Board of Directors of the Company. 
 “Cause” shall mean (i) the Executive’s engaging in willful and repeated gross negligence or gross misconduct, (ii) the Executive’s breaching of a material fiduciary duty to the Employer,
or (iii) the Executive’s being convicted of a felony, in either case, to the demonstrable and material injury to the Employer. For purposes hereof, no act, or failure to act, on the Executive’s part, shall be deemed
“willful” unless done, or omitted to be done, by the Executive not in good faith and without reasonable belief that any act or omission was in the best interest of the Employer. 
 “Change in Control” shall mean the first to occur, after the date hereof, of any of the following: 
 (i) the members of the Board at the beginning of any consecutive 12- calendar-month period (the “Incumbent Directors”) cease for
any reason other than due to death to constitute at least a majority of the members of the Board; provided that any director whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority
of the members of the Board then still in office who were members of the Board at the beginning of such 12- calendar-month period, shall be deemed to be an Incumbent Director; 

 (ii) any consolidation or merger of the Company where the stockholders of the Company,
immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Securities Exchange Act), directly or indirectly, shares of Stock
representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any); 
 (iii) there shall occur (A) any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated
or arranged by any party as a single plan) of all or substantially all of the assets of the Company, other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least 50% of the combined
voting power of the voting securities of which are owned by Persons in substantially the same proportion as their ownership of the Company immediately prior to such sale or (B) the approval by stockholders of the Company of any plan or proposal
for the liquidation or dissolution of the Company; or 
 (iv) Any corporation or other legal person, pursuant to a tender
offer, exchange offer, purchase of stock (whether in a market transaction or otherwise) or other transaction or event acquires securities representing 40% or more of the combined voting power of the voting securities of the Company, or there is a
report filed on Schedule 13D or Schedule 14D-1 (or any successor schedule, form or report), each as promulgated pursuant to the U.S. Securities Exchange Act, disclosing that any “person” (as such term is used in
Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act) has become the “beneficial owner” (as such term is used in Rule 13d-3 under the Securities Exchange Act) of securities representing 40% or more of the
combined voting power of the voting securities of the Company. 
 Notwithstanding the foregoing, none of the foregoing event(s) shall constitute a Change in
Control unless such event(s) constitute a “change in the ownership or effective control” or a change “in the ownership of a substantial portion of the assets,” in each case within the meaning of Section 409A(a)(2)(A)(v) of
the Code and any regulations and other guidance in effect from time-to-time thereunder including, without limitation, Notice 2005-1. 
 Upon the occurrence
of a Change in Control as provided above, no subsequent event or condition shall constitute a Change in Control for purposes of this Agreement, with the result that there can be no more than one Change in Control hereunder. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 “Company” shall mean, subject to Section 4.1(a), SeaChange International, Inc., a Delaware corporation. 
 “Covered Termination” shall mean if, within the one-year period immediately following a Change in Control, the Executive (i) is terminated by the Employer without Cause (other than on account of death
or Disability), or (ii) terminates the Executive’s employment with the Employer for Good Reason. The Executive shall not be deemed to have terminated for purposes of this Agreement merely because he or she ceases to be employed by the
Employer and becomes employed by a new employer involved in the Change in Control; provided that such new employer shall be bound by this Agreement as if it were the Employer hereunder with respect to the Executive. It is expressly understood that
no Covered Termination shall be deemed to have occurred merely because, upon the occurrence of a Change in Control, the Executive ceases to be employed by the Employer and does not become employed by a successor to the Employer after the Change in
Control if the successor makes an offer to employ the Executive on terms and conditions which, if imposed by the Employer, would not give the Executive a basis on which to terminate employment for Good Reason. 
 “Date of Termination” shall mean the date on which a Covered Termination occurs. 
 “Disability” shall mean the occurrence after a Change in Control of the incapacity of the Executive due to physical or mental illness, whereby
the Executive shall have been absent from the full-time performance of the Executive’s duties with the Employer for six consecutive months or, in any one year period, for an aggregate of six months. 
  

 - 2 - 

 “Employer” shall mean the Company (if and for so long as the Executive is employed thereby) and
each Subsidiary which may now or hereafter employ the Executive or, where the context so requires, the Company and such Subsidiaries collectively. A subsidiary which ceases to be, directly or indirectly, through one or more intermediaries,
controlling, controlled by or under common control with the Company prior to a Change in Control (other than in connection with and as an integral part of a series of transactions resulting in a Change in Control) shall, automatically and without
any further action, cease to be (or be part of) the Employer for purposes hereof. 
 “Good Reason” shall mean, without the express
written consent of the Executive, the occurrence after a Change in Control of any of the following circumstances, unless such circumstances are fully corrected prior to the Date of Termination specified in the Notice of Termination given in respect
thereof: 
 (i) the material reduction of the Executive’s title, or the reduction of the Executive’s authority,
duties or responsibilities, or the assignment to the Executive of any duties inconsistent with Executive’s position, authority, duties or responsibilities from those in effect immediately prior to the Change in Control; 
 (ii) a reduction in the Executive’s Base Salary as in effect immediately before the Change in Control; 
 (iii) a material reduction in the Executive’s aggregate compensation opportunity, comprised only of the Executive’s
(A) Base Salary, and (B) bonus opportunity (taking into account, without limitation, any target, minimum and maximum amounts payable and the attainability and otherwise the reasonableness of any performance hurdles, goals and other
measures), if any; 
 (iv) the Company’s requiring the Executive to be based at any office or location more than 75 miles
from that location at which the Executive performed Executive’s services immediately prior to the occurrence of a Change in Control, except for travel reasonably required in the performance of the Executive’s responsibilities; 

(v) the failure of the Company to obtain a reasonable agreement from any successor to assume and agree to perform this Agreement, as
contemplated in Section 4.1(a); 
 (vi) the failure of the Company to pay the Executive any amounts due hereunder; or

 (vii) any other material breach by the Company of this Agreement. 
 “Notice of Termination” shall mean a notice given by the Employer or Executive, as applicable, which shall indicate the date of termination and
the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provisions so indicated.

 “Person” shall have the meaning ascribed thereto by Section 3(a)(9) of the Securities Exchange Act, as modified and used in
Sections 13(d) and 14(d) thereof (except that such term shall not include (i) the Company or any of its Subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its
Subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as
their ownership of stock of the Company, or (v) such Executive or any “group” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act) which includes the Executive). 
 “Securities Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 “Stock” shall mean the common stock, $.01 par value, of the Company 
  

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 “Subsidiary” shall mean any entity, directly or indirectly, through one or more intermediaries,
controlled by the Company. 
 Section 2 
 BENEFITS 
 2.1 If a Change in Control occurs, then: 
 (a) (i) any and all outstanding unvested stock options and stock appreciation rights held by the Executive shall thereupon automatically vest and
become immediately exercisable in accordance with their terms, and (ii) notwithstanding anything to the contrary contained in clause (i), upon a termination of employment (regardless of the party initiating the termination, for any reason or no
reason), all stock options and stock appreciation rights held by the Executive shall be exercisable for the lesser of (A) the remainder of the generally applicable term of the stock options or stock appreciation rights, which is measured from
the date of grant thereof, and (B) three years from the date of such termination; provided that nothing in this Section 2.1(a) shall reduce or otherwise adversely affect the rights under such stock options and stock appreciation rights
that the Executive would have without regard to this Section 2.1(a); and 
 (b) any and all restricted stock and restricted stock rights
then held by the Executive shall thereupon fully vest and become immediately transferable free of restrictions, other than restrictions imposed by applicable law. 
 2.2 If a Covered Termination occurs, then (subject to the provisions of Section 2.3(b)) the Executive shall be entitled hereunder to the following: 
 (a) the Company shall pay to the Executive an amount equal to the sum of (i) two times the Executive’s Base Salary and (ii) the
Executive’s Annual Bonus, provided, however, that, in the event William Styslinger is or may become entitled to a payment under Section 2.2(a) of a Change-in-Control Agreement of even date herewith (the “Styslinger Agreement”)
with respect to the same Change-in-Control, the aggregate amount paid to the Executive under this subsection (a)(ii) shall not exceed the amount paid or which may be payable to Mr. Styslinger under subsection 2.2(a) of the Styslinger
Agreement (calculated as of the Date of Termination) less the amount paid to the Executive pursuant to subsection 2.2(a)(i) hereof; 
 (b) for a period of two years after such termination, the Employer shall arrange to make available to the Executive medical, dental, group life and disability benefits that are at least at a level (and cost to the Executive) that is
substantially similar in the aggregate to the level of such benefits which was available to the Executive immediately prior to the Change in Control; provided that (i) the Employer shall be required to provide group life and disability benefits
only to the extent it is able to do so on reasonable terms and at a reasonable cost, (ii) the Employer shall not be required to provide benefits under this Section 2.2(b) upon and after the Change in Control which are in excess of those
provided to a significant number of executives of similar status who are employed by the Employer from time to time upon and after the Change in Control, and (iii) no type of benefit otherwise to be made available to the Executive pursuant to
this Section 2.2(b) shall be required to be made available to the extent that such type of benefit is made available to the Executive by any subsequent employer of the Executive; 
 (c) the Employer shall provide the Executive with outplacement service through a bona fide outplacement organization reasonably acceptable to the
Executive that agrees to supply the Executive with outplacement counseling, a private office and administrative support including telephone service until the earlier of one year from the Date of Termination or until such time that Executive secures
employment; 
 (d) the Company shall pay for the Executive to receive financial planning services for which the Company pays not more than
$5,000; and 
 (e) the Company shall provide the Executive with a payment for any accrued but unused vacation. 
  

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 2.3 (a) The payments provided for in Section 2.2 shall (except as otherwise expressly provided
therein or as provided in Section 2.3(b) or as otherwise expressly provided hereunder) be made as soon as practicable, but in no event later than 30 days, following the Date of Termination. 
 Notwithstanding any other provision of this Agreement, if the Executive is a “key employee” as defined in Section 416(i) of the Code without regard to
paragraph 5 thereof, no payment under this Agreement with respect to separation from service shall be made before the date which is six months after the date of separation from service (or, if earlier, the date of death of the Executive).

 (b) Notwithstanding any other provision of this Agreement to the contrary, no payment or benefit otherwise provided for under or by virtue
of the foregoing provisions of this Agreement shall be paid or otherwise made available unless and until the Employer shall have first received from the Executive (no later than 60 days after the Employer has provided to the Executive estimates
relating to the payments to be made under this Agreement) a valid, binding and irrevocable general release, in form and substance reasonably acceptable to the Employer; provided that the Employer shall be permitted to defer any payment or benefit
otherwise provided for in this Agreement to the fifth day after the later of its receipt of such release and the time at which the release has become valid, binding and irrevocable. 
 Section 3 
 PARACHUTE TAX PROVISIONS 
 3.1 If all, or any portion, of the payments and benefits provided under this Agreement, if any, either alone or together with other payments and benefits
which the Executive receives or is entitled to receive from the Company or its affiliates, would constitute an excess “parachute payment” within the meaning of Section 280G of the Code (whether or not under an existing plan,
arrangement or other agreement) (each such parachute payment, a “Parachute Payment”), and would result in the imposition on the Executive of an excise tax under Section 4999 of the Code, then, in addition to any other benefits to
which the Executive is entitled under this Agreement or otherwise, the Executive shall be paid an amount in cash equal to the sum of the excise taxes payable by the Executive by reason of receiving Parachute Payments plus the amount necessary to
place the Executive in the same after-tax position (taking into account any and all applicable federal, state and local excise, income or other taxes at the highest possible applicable rates on such Parachute Payments (including, without limitation,
any payments under this Section 3.1)) as if no excise taxes had been imposed with respect to Parachute Payments (the “Parachute Gross-up”). Any Parachute Gross-up otherwise required by this Section 3.1 shall be made not later
than the time of the corresponding payment or benefit hereunder giving rise to the underlying Section 4999 excise tax, even if the payment of the excise tax is not required under the Code until a later time. 
 3.2 Except as may otherwise be agreed to by the Company and the Executive, the amount or amounts (if any) payable under this Section 3 shall be
determined, at the sole cost of the Company, by the Company’s independent auditors (who served in such capacity immediately prior to the Change in Control), whose determination or determinations shall be final and binding on all parties. The
Executive hereby agrees to utilize such determination or determinations, as applicable, in filing all of the Executive’s tax returns with respect to the excise tax imposed by Section 4999 of the Code. If such independent auditors refuse to
make the required determinations, then such determinations shall be made by a comparable independent accounting firm of national reputation reasonably selected by the Company. Notwithstanding any other provision of this Agreement to the contrary, as
a condition to receiving any Parachute Gross-up payment, the Executive hereby agrees to be bound by and comply with the provisions of this Section 3.2. 
  

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 Section 4 
 MISCELLANEOUS 
 4.1 (a) The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform under the terms of this Agreement in the same manner and to the same extent that the Company
and its affiliates would be required to perform it if no such succession had taken place (provided that such a requirement to perform which arises by operation of law shall be deemed to satisfy the requirements for such an express assumption and
agreement), and in such event the Company (as constituted prior to such succession) shall have no further obligation under or with respect to this Agreement. Failure of the Company to obtain such assumption and agreement with respect to the
Executive prior to the effectiveness of any such succession shall be a breach of the terms of this Agreement with respect to the Executive and shall entitle the Executive to compensation from the Employer (as constituted prior to such succession) in
the same amount and on the same terms as the Executive would be entitled to hereunder were the Executive’s employment terminated for Good Reason following a Change in Control, except that for purposes of implementing the foregoing, the date on
which any such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business or assets as aforesaid which assumes
and agrees (or is otherwise required) to perform this Agreement. Nothing in this Section 4.1(a) shall be deemed to cause any event or condition which would otherwise constitute a Change in Control not to constitute a Change in Control.

 (b) Notwithstanding Section 4.1(a), the Company shall remain liable to the Executive upon a Covered Termination after a Change in
Control if the Executive is not offered continuing employment by a successor to the Employer on a basis which would not constitute a termination for Good Reason. 
 (c) This Agreement, and the Executive’s and the Company’s rights and obligations hereunder, may not be assigned by the Executive or, except as provided in Section 4.1(a), the Company, respectively; any
purported assignment by the Executive or the Company in violation hereof shall be null and void. 
 (d) The terms of this Agreement shall
inure to the benefit of and be enforceable by the personal or legal representatives, executors, administrators, permitted successors, heirs, distributees, devisees and legatees of the Executive. If the Executive shall die while an amount would still
be payable to the Executive hereunder if they had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee or other designee or, if
there is no such designee, the Executive’s estate. 
 4.2 Except as expressly provided in Section 2.2, the Executive shall not be
required to mitigate damages or the amount of any payment or benefit provided for under this Agreement by seeking other employment or otherwise, nor will any payments or benefits hereunder be subject to offset in the event the Executive does
mitigate. 
 4.3 The Employer shall pay all reasonable legal fees and expenses incurred in a legal proceeding by the Executive in seeking to
obtain or enforce any right or benefit provided by this Agreement. Such payments are to be made within twenty days after the Executive’s request for payment accompanied with such evidence of fees and expenses incurred as the Employer
reasonably may require; provided that if the Executive institutes a proceeding and the judge or other decision-maker presiding over the proceeding affirmatively finds that the Executive has failed to prevail substantially, the Executive shall pay
Executive’s own costs and expenses (and, if applicable, return any amounts theretofore paid on the Executive’s behalf under this Section 4.3). 
 4.4 For the purposes of this Agreement, notice and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when hand delivered or mailed by United States
certified or registered express mail, return receipt requested, postage prepaid, if to the Executive, addressed to the Executive at his or her respective address on file with the Company; if to the Company, addressed to SeaChange International,
Inc., 124 Acton Street, Maynard, MA 01754, and directed to the attention of its Chief Financial Officer; if to the Board, addressed to the Board of Directors, c/o 124 Acton Street, Maynard, MA 01754, and directed to the Company’s
Chief Financial Officer; or to such other address as any party may have furnished to the others in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  

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 4.5 Unless otherwise determined by the Employer in an applicable plan or arrangement, no amounts payable
hereunder upon a Covered Termination shall be deemed salary or compensation for the purpose of computing benefits under any employee benefit plan or other arrangement of the Employer for the benefit of its employees. 
 4.6 This Agreement is the exclusive arrangement with the Executive applicable to payments and benefits in connection with a change in control of the
Company (whether or not a Change in Control), and supersedes any prior arrangements involving the Company or its predecessors or affiliates relating to changes in control (whether or not Changes in Control). This Agreement shall not limit any right
of the Executive to receive any payments or benefits under an employee benefit or executive compensation plan of the Employer, initially adopted as of or after the date hereof, which are expressly contingent thereunder upon the occurrence of a
change in control (including, but not limited to, the acceleration of any rights or benefits thereunder); provided that in no event shall the Executive be entitled to any payment or benefit under this Agreement which duplicates a payment or benefit
received or receivable by the Executive under any severance or similar plan or policy of the Employer, and in any such case the Executive shall only be entitled to receive the greater of the two payments. 
 4.7 Any payments hereunder shall be made out of the general assets of the Employer. The Executive shall have the status of general unsecured creditor of
the Employer, and this Agreement constitutes a mere promise by the Employer to make payments under this Agreement in the future as and to the extent provided herein. 
 4.8 Nothing in this Agreement shall confer on the Executive any right to continue in the employ of the Employer or interfere in any way (other than by virtue of requiring payments or benefits as may expressly be
provided herein) with the right of the Employer to terminate the Executive’s employment at any time. 
 4.9 The Employer shall be
entitled to withhold from any payments or deemed payments any amount of tax withholding required by law. 
 4.10 Any controversy or claim
arising out of or relating to this Agreement or the breach of this Agreement that is not resolved by the Employer and the Executive shall be submitted to arbitration in Boston, Massachusetts, in accordance with Massachusetts law and the procedures
of the American Arbitration Association. The determination of the arbitrator(s) shall be conclusive and binding on the Employer and Executive and judgment may be entered on the arbitrator(s)’ award in any court having jurisdiction. 

4.11 This Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof may be waived, only by a written instrument signed
by the parties or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of
any such right, power or privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the exercise of any other such right, power or privilege. 
 4.12 The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this
Agreement which shall remain in full force and effect. 
 4.13 The use of captions in this Agreement is for convenience. The captions are not
intended to and do not provide substantive rights. 
  

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 4.14 THIS AGREEMENT SHALL BE CONSTRUED, ADMINISTERED AND ENFORCED ACCORDING TO THE LAWS OF THE
COMMONWEALTH OF MASSACHUSETTS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW, EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW. 
 IN WITNESS
WHEREOF, the parties hereto have signed their names, effective as of the date first above written. 
  

			
	SEACHANGE INTERNATIONAL, INC.
		
	By:	 	/s/ Kevin M. Bisson
		 	 
	Name:	 	Kevin M. Bisson
		 	 
	Title:	 	Chief Financial Officer, Treasurer, Secretary and Senior Vice President, Finance and Administration
		 	 

  

	
	 /s/ Randy Banton

	Randy Banton

  

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