Document:

Third Amendment to Third Amended and Restated Credit Agreement, as amended

 Exhibit 10.1 
 THIRD AMENDMENT TO THIRD AMENDED 
 AND RESTATED CREDIT AGREEMENT 
 THIS THIRD AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (herein called this “Amendment”), dated effective as of
June 7, 2007, is entered into by and among W&T OFFSHORE, INC., a Texas corporation, as the borrower (the “Borrower”), the various financial institutions parties hereto, as lenders (collectively, the
“Lenders”), TORONTO DOMINION (TEXAS) LLC, individually and as agent (in such capacity together with any successors thereto, the “Agent”) for the Lenders and the issuers of letters of credit parties hereto, as
issuers (collectively, the “Issuers”). Terms defined in the Credit Agreement (as hereinafter defined) are used herein with the same meanings as given them therein, unless the context otherwise requires. 
 WITNESSETH 
 WHEREAS, the
Borrower, the Lenders, the Agent and the Issuers have heretofore executed that certain Third Amended and Restated Credit Agreement, dated as of May 26, 2006, as amended by that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of June 9, 2006, and as amended by that certain Second Amendment to Third Amended and Restated Credit Agreement dated as of July 27, 2006 (as so amended, and as from time to time amended, supplemented, restated or
otherwise modified, including pursuant to this Amendment, the “Credit Agreement”); and 
 WHEREAS, parties hereto
hereby intend to amend the Credit Agreement on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the
premises and the mutual agreements herein contained, the Borrower, the Lenders, the Issuers and the Agent hereby agree as follows: 
 1.
Amendments to Credit Agreement. The Credit Agreement is hereby amended as follows: 
 (a) Section 7.1. Section 7.1 of
the Credit Agreement is hereby amended as follows: 
 (i) the word “and” at the end of clause (g) of
Section 7.1 is hereby deleted; 
 (ii) the reference to clause (h) of Section 7.1 is hereby changed to be a
reference to clause (i) of Section 7.1 and the words “subsections (a) through (g)” in clause is hereby replaced with the words “clauses (a) through (h)”; and 
 (iii) the following new clause (h) is hereby inserted after clause (g) of Section 7.1: 
 “(h) Indebtedness incurred under senior unsecured bonds (the “Bonds”) issued pursuant to one or more indentures or
note purchase agreements (each an “Indenture”); provided, however, that (i) such Indebtedness (A) is unsecured and does not exceed an aggregate outstanding principal amount of U.S.$500,000,000, (B) does
not have a maturity date that is earlier than five years from the date of incurrence, (C) has a coupon or interest rate not in excess of nine percent (9%), (D) contains covenants not materially more onerous to Borrower and its Subsidiaries
than those contained in the Loan Documents, (E) contains other terms and conditions (including amount, interest, amortization, covenants and events of default) as are reasonably satisfactory to the Administrative Agent; and (ii) the
proceeds of the initial Bonds (which Bonds are anticipated to be issued in June 2007) are used to prepay in full in cash all Tranche A Term Loans concurrently with the receipt of proceeds from the issuance of such Bonds; and” 
 (b) Section 6.14(b). Section 6.14(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “(b) terminate interest rate Hedging Contracts described in Section 4.1(q)(ii) in accordance with the terms of such Hedging Contracts if the
termination of such Hedging Contracts will not result in any material breakage fees, termination fees or similar fees, penalties or assessments against Borrower.” 
 (c) Section 7.3(b). Section 7.3(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “Any Restricted Person may enter into contracts for the purpose and effect of fixing interest rates on a principal amount of indebtedness of such Restricted Person that is accruing interest at a variable rate,
provided that each such contract is with a counterparty or has a guarantor of the obligation of the counterparty who (unless such counterparty is a Lender Party or one of its Affiliates) at the time the contract is made has long-term obligations
rated BBB- or Baa3 or better, respectively, by either Rating Agency or is an investment grade-rated industry participant.” 
 (d)
Section 7.6. Section 7.6 of the Credit Agreement is hereby amended by inserting the following proviso at the end of such Section as follows: 
 “; provided, further that (A) the Borrower may pay interest on the Bonds on the stated, scheduled dates for
payment of interest set forth in the applicable Indenture and (B) the Borrower may redeem, repurchase, prepay or defease the Bonds (x) on the scheduled maturity date for the Bonds, (y) on each stated, scheduled date for prepayment of
principal, or (z) with the written consent of the Required Lenders. 
  

 1 

 (e) Section 7.10. Section 7.10 of the Credit Agreement is hereby amended by adding the
following sentence at the end of such Section: 
 “The Borrower will not, and will not permit any of its Subsidiaries to, consent to any
amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in an Indenture or the Bonds related thereto that results or causes or has the effect
of doing any of the following: (i) contravening the provisions of this Agreement, (ii) increasing the interest, premium or the yield on such Bonds beyond the interest, yield or premium currently specified in such Indenture as of the
effective date of such Indenture, (iii) providing for dates for payment of principal, interest, premium (if any), yield or fees which are earlier than the dates specified in such Indenture as in effect on the effective date of such Indenture,
(iv) providing for any covenant, event of default or remedy which is more restrictive on any Obligor than that set forth in such Indenture as in effect on the effective date of such Indenture, (v) providing for redemption, prepayment or
defeasance provisions that are more burdensome on the Borrower than those set forth in such Indenture as in effect on the effective date of such Indenture, (vi) providing for collateral securing Indebtedness under such Bonds or such Indenture,
or (vii) increasing the obligations of the Borrower or any of its Subsidiaries or conferring any additional rights on any holder of such Bonds than those set forth in such Indenture as in effect on the effective date of such Indenture which
could reasonably be expected to be adverse to the Lender Parties.” 
 2. Representations and Warranties. The Borrower hereby
represents and warrants that after giving effect hereto: 
 (a) the representations and warranties of the Borrower and its Subsidiaries
contained in the Loan Documents are true and correct in all material respects on and as of the Effective Date, other than those representations and warranties that expressly relate solely to a specific earlier date, which shall remain correct in all
material respects as of such earlier date; 
 (b) the execution, delivery and performance by the Borrower and its Subsidiaries of this
Amendment are within their corporate or limited liability powers, have been duly authorized by all necessary action, require, in respect of any of them, no action by or in respect of, or filing with, any governmental authority which has not been
performed or obtained and do not contravene, or constitute a default under, any provision of Law or regulation or the articles of incorporation or the bylaws of any of them or any agreement, judgment, injunction, order, decree or other instrument
binding upon the Borrower or result in the creation or imposition of any Lien on any asset of any of them except as contemplated by the Loan Documents; 
 (c) the execution, delivery and performance by the Borrower and each other Subsidiary of this Amendment has been duly authorized by all necessary action required on their part and this Amendment constitutes the legal,
valid and binding obligation of each of them enforceable against them in accordance with its terms; and 
 (d) no Default or Event of Default
has occurred and is continuing. 
 3. Effectiveness. This Amendment shall be effective as of the date hereof, following the
Agent’s receipt of this Amendment, duly executed by the Borrower, the Agent and the Required Lenders (the “Effective Date”). 
 4. Ratification; Loan Document. This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as hereby amended, is hereby ratified, approved and confirmed in each and every respect. All
references to the Credit Agreement in any Loan Document or in any other document, instrument, agreement or writing shall hereafter be deemed to refer to the Credit Agreement as hereby amended. This Amendment is a Loan Document. 
 5. GOVERNING LAW. THIS AMENDMENT SHALL BE DEEMED A CONTRACT AND INSTRUMENT MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND THE LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.  
 6. Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such provision and such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Amendment or affecting the validity or enforceability of such provision in any other jurisdiction. 

7. Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same
instrument, and any party hereto may execute this Amendment by signing one or more counterparts. Any signature hereto delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. 
 8. Successors and Assigns. This Amendment shall be binding upon the Borrower and its successors and permitted assigns and shall inure, together
with all rights and remedies of each Lender Party hereunder, to the benefit of each Lender Party and the respective successors, transferees and assigns. 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	 BORROWER:
  
 W&T OFFSHORE, INC.

		
	By:	 	/s/ Reid Lea / TFG
	 Name:
 Title:
	 	 Reid Lea
 Executive Vice
President

	
	 TORONTO DOMINION (TEXAS) LLC,
 as
Agent and Lender

  

			
		
	By:	 	/s/ Ian Murray
	 Name:
 Title:
	 	 Ian Murray
 Authorized Signatory

  

			
	 THE TORONTO-DOMINION BANK,
 as
Issuer

		
	By:	 	/s/ Robyn Zeller
	 Name:
 Title:
	 	 Robyn Zeller
 Managing Director

  

			
	 LEHMAN COMMERCIAL PAPER INC.,
 as
Lender

		
	By:	 	/s/ Maria M. Lund
	 Name:
 Title:
	 	 Maria M. Lund
 Authorized
Signatory

  

			
	 FORTIS CAPITAL CORP.
 as Issuer and Lender

		
	By:	 	/s/ David Montgomery
	 Name:
 Title:
	 	 David Montgomery
 Senior Vice
President

  

			
		
	By:	 	/s/ Deirdre Sanborn
	 Name:
 Title:
	 	 Deidre Sanborn
 Senior Vice
President

  

			
	 BMO CAPITAL MARKETS FINANCING, INC.
 f/k/a
HARRIS NESBITT BURNS FINANCING, INC.,
 as Lender

		
	By:	 	/s/ Mary Lou Allen
	 Name:
 Title:
	 	 Mary Lou Allen
 Vice President

	
	 BANK OF SCOTLAND,
 as
Lender

	

  

			
		
	By:	 	/s/ Karen Welch
	 Name:
 Title:
	 	 Karen Welch
 Vice President

  

 3 

	
	 BANK OF SCOTLAND,
 NATIXIS f/k/a
NATEXIS BANQUES POPULAIRES,
 as Lender

			
		
	By:	 	/s/ Louis P. Laville, III
	 Name:
 Title:
	 	 Louis P. Laville, III
 Managing
Director

  

			
		
	By:	 	/s/ Daniel Payer
	 Name:
 Title:
	 	 Daniel Payer
 Director

  

			
	 JPMORGAN CHASE BANK, N.A., successor-by-merger to BANK ONE, NA
 (Main Office – Chicago),
 as Issuer and Lender

		
	By:	 	/s/ Brian Orlando
	 Name:
 Title:
	 	 Brian Orlando
 Assistant Vice
President

  
  

			
	 ROYAL BANK OF CANADA
 as
Lender

		
	By:	 	/s/ Don J. McKinnerney
	 Name:
 Title:
	 	 Don J. McKinnerney
 Authorized
Signatory

  

			
	 SOCIÉTÉ GÉNÉRALE,
 as Lender

		
	By:	 	/s/ Stephen W. Warfel
	 Name:
 Title:
	 	 Stephen W. Warfel
 Director

			
	 AMEGY BANK NATIONAL ASSOCIATION,
 as Lender

		
	By:	 	/s/ W. Bryan Chapman
	 Name:
 Title:
	 	 W. Bryan Chapman
 Senior Vice
President

  

			
	 BNP PARIBAS,
 as Lender

		
	By:	 	/s/ Russell Otts
	 Name:
 Title:
	 	 Russell Otts
 Vice President

  

			
		
	By:	 	/s/ Betsy Jocher
	 Name:
 Title:
	 	 Betsy Jocher
 Director

  

			
	 GUARANTY BANK, FSB,
 as
Lender

		
	By:	 	/s/ John Clark
	 Name:
 Title:
	 	 John Clark
 Executive Vice President and Managing
Director

  

 4 

			
	 SUNTRUST BANK,
 as
Lender

		
	By:	 	/s/ James Warren
	 Name:
 Title:
	 	 James Warren
 Managing Director

  

			
	 WB LOAN FUNDING 1, LLC,
 as
Lender

		
	By:	 	/s/ Diane M. Himes
	 Name:
 Title:
	 	 Diane M. Himes
 Vice President

	
	 WB LOAN FUNDING 2, LLC,
 as Lender

  

			
	
		
	By:	 	/s/ Diane M. Himes
	 Name:
 Title:
	 	 Diane M. Himes
 Vice President

  

			
	 WB LOAN FUNDING 5, LLC,
 as
Lender

		
	By:	 	/s/ Diane M. Himes
	 Name:
 Title:
	 	 Diane M. Himes
 Vice President

  

			
	 RAYMOND JAMES BANK, FSB,
 as
Lender

		
	By:	 	/s/ Andrew Hahn
	 Name:
 Title:
	 	 Andrew Hahn
 Vice President

  

			
	 ATRIUM V,
 as Lender

		
	By:	 	/s/ David H. Lerner
	 Name:
 Title:
	 	 David H. Lerner
 Authorized
Signatory

  

			
	 BLACKROCK SENIOR INCOME SERIES,
 as Lender

		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

	
	 BLACKROCK SENIOR INCOME SERIES II,
 as Lender

  

			
		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

  

 5 

			
	 BLACKROCK SENIOR INCOME SERIES III,
 as
Lender

		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

  

			
	 BLACKROCK SENIOR INCOME SERIES IV,
 as Lender

		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

  

			
	 BLACKROCK SENIOR INCOME SERIES V f/k/a GRANITE FINANCE LTD.,
 as Lender

		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

  
  

			
	 MAGNETITE VCLD, LIMITED,
 as
Lender

		
	By:	 	/s/ Anthony Heyman
	 Name:
 Title:
	 	 Anthony Heyman
 Authorized
Signatory

	
	 SANKATY ADVISORS, LLC as Collateral
 Manager for AVERY POINT CLO, LTD.,
 as Term Lender,
 as Lender

  

			
	
		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  

			
	 CHATHAM LIGHT II CLO, LIMITED, by SANKATY ADVISORS LLC, as Collateral Manager,
 as Lender
  

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  
  

			
	 KATONAH III, LTD. by SANKATY ADVISORS LLC as Sub-Advisors,
 as Lender

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  

 6 

			
	 SANKATY ADVISORS, LLC as Collateral Manager for PROSPECT FUNDING I, LLC as Term Lender,
 as Lender

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  

	
	 SANKATY ADVISORS, LLC as Collateral
 Manager for RACE POINT CLO, LIMITED
 as Term Lender,
 as Lender

			
	
		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  
  

			
	 SANKATY ADVISORS, LLC as Collateral
 Manager
for RACE POINT II CLO, LIMITED
 as Term Lender,
 as
Lender

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  
  

			
	 SANKATY ADVISORS, LLC as Collateral
 Manager
for RACE POINT III CLO, LIMITED
 as Term Lender,
 as
Lender

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  

			
	 SANKATY HIGH YIELD PARTNERS III, L.P.,
 as
Lender

		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

	
	 SANKATY HIGH YIELD PARTNERS II, L.P.,
 as Lender

  

			
	
		
	By:	 	/s/ Alan K. Halfenger
	 Name:
 Title:
	 	 Alan K. Halfenger
 Chief Compliance Officer and
Assistant Secretary

  

			
	 GRAND CENTRAL ASSET TRUST, PFV SERIES,
 as
Lender

		
	By:	 	/s/ Richard Newcomb
	 Name:
 Title:
	 	 Richard Newcomb
 Attorney-in-Fact

			
	 GRAND CENTRAL ASSET TRUST,
 BDC
SERIES,
 as Lender

		
	By:	 	/s/ Jason Muelver
	 Name:
 Title:
	 	 Jason Muelver
 Attorney-in-Fact

  

			
	 DUNES FUNDING LLC,
 as
Lender

		
	By:	 	/s/ Tara E. Kenny
	 Name:
 Title:
	 	 Tara E. Kenny
 Assistant Vice
President

  
  

			
	 HARBOUR TOWN FUNDING LLC,
 as
Lender

		
	By:	 	/s/ Tara E. Kenny
	 Name:
 Title:
	 	 Tara E. Kenny
 Assistant Vice
President

  

	
	 ATLAS LOAN FUNDING (CENT I) LLC
 By: RIVERSOURCE
INVESTMENTS, LLC,
 Attorney-in-Fact,
 as
Lender

  

			
		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

	
	 CENTURION CDO II, LTD.
 By: RIVERSOURCE INVESTMENTS, LLC,

 as Collateral Manager,
 as Lender

  

			
		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  
  

			
	 CENTURION CDO VI, LTD.
 By: RIVERSOURCE
INVESTMENTS, LLC,
 as Collateral Manager,
 as
Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

	
	 CENTURION CDO VII, LTD.
 By:
RIVERSOURCE INVESTMENTS, LLC,
 as Collateral Manager,
 as Lender

			
		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

 8 

			
	 CENTURION CDO 8, LIMITED
 By: RIVERSOURCE INVESTMENTS, LLC,
 as Collateral Manager,
 as Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

			
	 CENTURION CDO 9, LIMITED
 By: RIVERSOURCE
INVESTMENTS, LLC,
 as Collateral Manager,
 as
Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

			
	 CENT CDO 10, LIMITED
 By: RIVERSOURCE
INVESTMENTS, LLC,
 as Collateral Manager,
 as
Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

			
	 CENT CDO XI, LIMITED
 By: RIVERSOURCE
INVESTMENTS, LLC,
 as Collateral Manager,
 as
Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

	
	 RIVERSOURCE BOND SERIES, INC. –
 RIVERSOURCE FLOATING RATE FUND,
 as Lender
  

  

			
		
	By:	 	/s/ Jerry Howard
	 Name:
 Title:
	 	 Jerry Howard
 Assistant Vice
President

  

			
	 SEQUILS-CENTURION V, LTD.
 By: RIVERSOURCE
INVESTMENTS, LLC,
 as Collateral Manager,
 as
Lender

		
	By:	 	/s/ Traci D. Garcia
	 Name:
 Title:
	 	 Traci D. Garcia
 Sr. Business
Analyst

  

			
	 CLASSIC CAYMAN B. D. LIMITED,
 as
Lender

		
	By:	 	/s/ Annette Halprin
	 Name:
 Title:
	 	 Annette Halprin
 Authorized
Signatory

			
	
		
	By:	 	/s/ Janet Wolff
	 Name:
 Title:
	 	 Janet Wolff
 Authorized Signatory

  

 9 

			
	 FRANKLIN FLOATING RATE DAILY ACCESS FUND,
 as
Lender

		
	By:	 	/s/ Richard Hsu
	 Name:
 Title:
	 	 Richard Hsu
 Assistant Vice
President

	
	 FRANKLIN CLO II, LIMITED,
 as Lender

  

			
	
		
	By:	 	/s/ Alex Guang Yu
	 Name:
 Title:
	 	 Alex Guang Yu
 Authorized
Signatory

  
  

			
	 FRANKLIN FLOATING RATE MASTER SERIES,
 as
Lender

		
	By:	 	/s/ Richard Hsu
	 Name:
 Title:
	 	 Richard Hsu
 Assistant Vice
President

  

			
	 ACKNOWLEDGED AND AGREED:
  
 OFFSHORE ENERGY I LLC

		
	By:	 	/s/ Thomas F. Getten
	 Name:
 Title:
	 	 Thomas F. Getten
 Authorized
Representative

  

			
	OFFSHORE ENERGY II LLC
		
	By:	 	/s/ Thomas F. Getten
	 Name:
 Title:
	 	 Thomas F. Getten
 Authorized
Representative

  
  

			
	OFFSHORE ENERGY III LLC
		
	By:	 	/s/ Thomas F. Getten
	 Name:
 Title:
	 	 Thomas F. Getten
 Authorized
Representative

	
	 GULF OF MEXICO OIL AND GAS
 PROPERTIES LLC

			
	
		
	By:	 	/s/ Thomas F. Getten
	 Name:
 Title:
	 	 Thomas F. Getten
 Authorized
Representative

  

			
	W&T ENERGY V, LLC
		
	By:	 	/s/ Thomas F. Getten
	 Name:
 Title:
	 	 Thomas F. Getten
 Authorized
Representative

  

 10EXHIBIT 10.1

 Exhibit 10.1 
 Option No.:              
 INVENDA CORPORATION 
 2007 STOCK INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 Invenda Corporation, a Delaware corporation (the
“Company”), hereby grants an option to purchase shares of its common stock, $.01 par value, (the “Stock”) to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment,
and in the Company’s 2007 Stock Incentive Plan (the “Plan”). 
 Grant Date:
                                ,
             
 Name of Optionee:
                                        
                                        
                     
 Optionee’s Employee
Identification Number:
            -            -            

 Number of Shares Covered by Option:
                             
 Option Price per Share: $            .            (At least 100% of Fair Market
Value) 
 Vesting Start Date:
                                ,
             
 By signing this cover sheet, you agree to all of the
terms and conditions described in the attached Agreement and in the Plan, a copy of which is also attached. You acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement
should appear to be inconsistent. 
  

							
			
	Optionee:	 	  
	  	
		 	(Signature)	  	
			
	Company:	 	  
	  	
		 	(Signature)	  	
				
		 	Title:	 	  
	  	

 Attachment 
 This is not a stock certificate or a negotiable instrument. 

 INVENDA CORPORATION 
 2007 STOCK INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  

	 Non-Qualified Stock Option 
	 This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted
accordingly. 

  

	 Vesting 
	 This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding
sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the
procedures set forth in the Plan and below in this Agreement. 

  

	 	 Your right to purchase shares of Stock under this option vests as to one-fourth (1/4) of the total number of shares covered by this option,
as shown on the cover sheet, on the one-year anniversary of the Vesting Start Date, and each yearly anniversary of the Vesting Start Date for the three years thereafter, provided you then continue in Service. 

  

	 	 No additional shares of Stock will vest after your Service has terminated for any reason. 

  

	 Term 
	 Your option will expire in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Grant Date, as
shown on the cover sheet. Your option will expire earlier if your Service terminates, as described below. 

  

	 Regular Termination 
	 If your Service terminates for any reason, other than death, Disability or Cause, then your option will expire at the close of business at Company
headquarters on the 90th day after your termination date. 

  

	 Termination for Cause 
	 If your Service is terminated for Cause, then you shall immediately forfeit all rights to your option and the option shall immediately expire.

  

	 Death 
	 If your Service terminates because of your death, then your option will expire at the close of business at Company headquarters on the date twelve
(12) months after the date of death. During that twelve month period, your estate or heirs may exercise the vested portion of your option. 

  

	 	 In addition, if you die during the 90-day period described in connection with a regular termination (i.e., a termination of your Service not on
account of your death, Disability or Cause), and a vested portion of your option has not yet been exercised, then your option will instead expire on the date twelve (12) months after your termination date. In such a case, during the period
following your death up to the date twelve (12) months after your termination date, your estate or heirs may exercise the vested portion of your option. 

  

	 Disability 
	 If your Service terminates because of your Disability, then your option will expire at the close of business at Company headquarters on the date
twelve (12) months after your termination date. 

  

	 Leaves of Absence 
	 For purposes of this option, your Service does not terminate when you go on a 

	 	 bona fide employee leave of absence that was approved by the Company in writing, if the terms of the leave provide for continued Service
crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating 90 days after you went on employee leave, unless your right to return to active work is guaranteed by law or by a
contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work. 

  

	 	 The Company determines, in its sole discretion, which leaves count for this purpose, and when your Service terminates for all purposes under the
Plan. 

  

	 Notice of Exercise 
	 When you wish to exercise this option, you must notify the Company by filing the proper “Notice of Exercise” form at the address
given on the form. Your notice must specify how many shares you wish to purchase (in a parcel of at least 100 shares generally). Your notice must also specify how your shares of Stock should be registered (in your name only or in your and your
spouse’s names as joint tenants with right of survivorship). The notice will be effective when it is received by the Company. 

  

	 	 If someone else wants to exercise this option after your death, that person must prove to the Company’s satisfaction that he or she is
entitled to do so. 

  

	 Form of Payment 
	 When you submit your notice of exercise, you must include payment of the option price for the shares you are purchasing. Payment may be
made in one (or a combination) of the following forms: 

  

	 	•	 	 Cash, your personal check, a cashier’s check, a money order or another cash equivalent acceptable to the Company. 

  

	 	•	 	 Shares of Stock which have already been owned by you and which are surrendered to the Company. The value of the shares, determined as of the effective date of the
option exercise, will be applied to the option price. 

  

	 	•	 	 By delivery (on a form prescribed by the Company) of an irrevocable direction to a licensed securities broker acceptable to the Company to sell Stock and to deliver
all or part of the sale proceeds to the Company in payment of the aggregate option price and any withholding taxes (if approved in advance by the Committee if you are either an executive officer or a director of the Company).

  

	 Withholding Taxes 
	 You will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be
due as a result of the option exercise or sale of Stock acquired under this option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares
arising from this grant, the Company shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate. 

  

	 Corporate Transaction 
	 Notwithstanding the vesting schedule set forth above, upon the consummation of a Corporate Transaction, this option will become 100% vested
(i) if it is not assumed, or equivalent options are not substituted for the options, by the Company or its successor, or (ii) if assumed or substituted for, upon your termination without Cause within the 12-month period following the
consummation of the Corporate Transaction. Notwithstanding any other provision in this Agreement, if assumed or substituted for, the option will expire 

	 	 one year after the date of termination of Service. 

  

	 Transfer of Option 
	 During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may
exercise the option. You cannot transfer or assign this option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however,
dispose of this option in your will or it may be transferred upon your death by the laws of descent and distribution. 

  

	 	 Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the
Company obligated to recognize your spouse’s interest in your option in any other way. 

  

	 Retention Rights 
	 Neither your option nor this Agreement gives you the right to be retained by the Company (or any Parent, Subsidiaries or Affiliates) in any
capacity. The Company (and any Parent, Subsidiaries or Affiliates) reserve the right to terminate your Service at any time and for any reason. 

  

	 Shareholder Rights 
	 You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for your option’s shares has been
issued (or an appropriate book entry has been made). No adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made), except as described
in the Plan. 

  

	 Forfeiture of Rights 
	 If you should take actions in competition with the Company, the Company shall have the right to cause a forfeiture of your rights, including, but
not limited to, the right to cause: (i) a forfeiture of any outstanding option, and (ii) with respect to the period commencing twelve (12) months prior to your termination of Service with the Company and ending twelve (12) months
following such termination of Service (A) a forfeiture of any gain recognized by you upon the exercise of an option or (B) a forfeiture of any Stock acquired by you upon the exercise of an option (but the Company will pay you the option
price without interest). Unless otherwise specified in an employment or other agreement between the Company and you, you take actions in competition with the Company if you directly or indirectly, own, manage, operate, join or control, or
participate in the ownership, management, operation or control of, or are a proprietor, director, officer, stockholder, member, partner or an employee or agent of, or a consultant to any business, firm, corporation, partnership or other entity which
competes with any business in which the Company or any of its Affiliates is engaged during your employment or other relationship with the Company or its Affiliates or at the time of your termination of Service. Under the prior sentence, ownership of
less than 1% of the securities of a public company shall not be treated as an action in competition with the Company. 

  

	 Adjustments 
	 In the event of a stock split, a stock dividend or a similar change in the Stock, the number of shares covered by this option and the
option price per share shall be adjusted (and rounded down to the nearest whole number) if required pursuant to the Plan. Your option shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is
subject to such corporate activity. 

  

	 Applicable Law 
	 This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this Agreement to the substantive 

	 	 law of another jurisdiction. 

  

	 The Plan 
	 The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the
Plan, and have the meaning set forth in the Plan. 

  

	 	 This Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements,
commitments or negotiations concerning this option are superseded. 

  

	 Data Privacy 
	 In order to administer the Plan, the Company may process personal data about you. Such data includes but is not limited to the information
provided in this Agreement and any changes thereto, other appropriate personal and financial data about you such as home address and business addresses and other contact information, payroll information and any other information that might be deemed
appropriate by the Company to facilitate the administration of the Plan. 

  

	 	 By accepting this option, you give explicit consent to the Company to process any such personal data. You also give explicit consent to the
Company to transfer any such personal data outside the country in which you work or are employed, including, with respect to non-U.S. resident Optionees, to the United States, to transferees who shall include the Company and other persons who are
designated by the Company to administer the Plan. 

  

	 Consent to Electronic Delivery 
	 The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this option grant you
agree that the Company may deliver the Plan prospectus and the Company’s annual report to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be
pleased to provide copies. Please contact Tracy Slavin at (240) 333-6115 to request paper copies of these documents. 

 By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

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