Document:

Exhibit 10.1

 

TERMINATION
OF BUSINESS COMBINATION AGREEMENT

 

Termination of Business Combination
Agreement, dated as of November 9, 2021 (this “Termination Agreement”) among Velocity Acquisition Corp., a Delaware
corporation (“Velocity”), VBLG Merger Sub, LLC, a Delaware limited liability company (“Company Merger Sub”),
VBLG Blocker Merger Sub, LLC, a Delaware limited liability company (“Blocker Merger Sub”, and together with Velocity
and Company Merger Sub, the “Velocity Parties”), BBQ Holding, LLC, a Delaware limited liability company (the “Company”),
BVP BBQ Blocker, LP, a Delaware limited partnership (“Blocker”) and BVP BBQ General Partner, LLC, a Delaware limited
liability company (the “BVP GP”), solely in its capacity as representative of the Blocker Owners and the Company Unitholders
(the “Seller Representative”). Capitalized terms used and not defined herein shall have the meanings ascribed to them
in the BCA (as defined below). Section references used herein are to the respective sections of the BCA. The Velocity Parties, the Company,
Blocker and the Seller Representative are collectively referred to as the “Parties” and each as a “Party”.

 

WHEREAS, Velocity, Company
Merger Sub, Blocker Merger Sub, the Company, the Blocker and the Seller Representative are parties to that certain Business Combination
Agreement, dated as of July 20, 2021 (the “BCA”) and

 

WHEREAS, the Parties wish
to mutually terminate the BCA in accordance with the provisions thereof.

 

NOW, THEREFORE, for good and
valuable consideration, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:

 

		1.	The BCA is hereby terminated, effective immediately, pursuant to Section 9.1(a)(i) of the BCA.

 

		2.	The effect of the termination of the BCA shall be as set forth in Section 9.2 of the BCA; provided that,
subject to the terms set forth herein, the Parties hereby waive their respective rights and benefits pursuant to the proviso set forth
in Section 9.2(b) of the BCA, such that upon execution hereof, there shall be no continuing liability of either party pursuant to the
BCA.

 

		3.	The Parties shall issue a press release relating to this Termination Agreement in the form of Exhibit
A hereto, and Velocity shall file a Form 8-K in the form of Exhibit B hereto. Thereafter, except for disclosure or communication
required by applicable Law or stock exchange rule, or in response to any request by any Governmental Authority, no Party shall issue any
press release with respect to the other Parties, the transactions contemplated thereby and/or this Termination Agreement without the prior
written consent of such other Parties; provided that, prior to any disclosure or communication required by applicable Law or stock exchange
rule or in response to a request by a Governmental Authority, Velocity or the Company, as applicable, shall (i) use their reasonable best
efforts to consult with each other before making any such disclosure, communication or response and (ii) to the fullest extent permitted
by applicable Law, first allow the other to review such disclosure, communication or response and the opportunity to comment thereon,
and shall consider such comments in good faith.

 

     

     

    

 

		4.	The Velocity Parties, for themselves, and on behalf of each of their respective affiliates, equity holders,
partners, joint venturers, lenders, administrators, representatives, shareholders, parents, subsidiaries, officers, directors, attorneys,
agents, employees, legatees, devisees, executors, trustees, beneficiaries, insurers, predecessors, successors, heirs and assigns, hereby
absolutely, forever and fully release and discharge the Company, the Blocker and the Seller Representative and their affiliates and each
of their respective present and former direct and indirect equity holders, directors, officers, employees, predecessors, partners, shareholders,
joint venturers, administrators, representatives, affiliates, attorneys, agents, brokers, insurers, parent entities, subsidiary entities,
successors, heirs, and assigns, and each of them, from all claims, contentions, rights, debts, liabilities, demands, accounts, reckonings,
obligations, duties, promises, costs, expenses (including, without limitation, attorneys’ fees and costs), liens, indemnification
rights, damages, losses, actions, and causes of action, of any kind whatsoever, whether due or owing in the past, present or future and
whether based upon contract, tort, statute or any other legal or equitable theory of recovery, and whether known or unknown, suspected
or unsuspected, asserted or unasserted, fixed or contingent, matured or unmatured, with respect to, pertaining to, based on, arising out
of, resulting from, or relating to the BCA, the Related Documents and the transactions contemplated by the BCA (the “Velocity
Released Claims”).

 

		5.	The Company, the Blocker and the Seller Representative, for themselves, and on behalf of each of their
respective affiliates, equity holders, partners, joint venturers, lenders, administrators, representatives, shareholders, parents, subsidiaries,
officers, directors, attorneys, agents, employees, legatees, devisees, executors, trustees, beneficiaries, insurers, predecessors, successors,
heirs and assigns, hereby absolutely, forever and fully release and discharge Velocity Parties and their affiliates and each of their
respective present and former direct and indirect equity holders, directors, officers, employees, predecessors, partners, shareholders,
joint venturers, administrators, representatives, affiliates, attorneys, agents, brokers, insurers, parent entities, subsidiary entities,
successors, heirs, and assigns, and each of them, from all claims, contentions, rights, debts, liabilities, demands, accounts, reckonings,
obligations, duties, promises, costs, expenses (including, without limitation, attorneys’ fees and costs), liens, indemnification
rights, damages, losses, actions, and causes of action, of any kind whatsoever, whether due or owing in the past, present or future and
whether based upon contract, tort, statute or any other legal or equitable theory of recovery, and whether known or unknown, suspected
or unsuspected, asserted or unasserted, fixed or contingent, matured or unmatured, with respect to, pertaining to, based on, arising out
of, resulting from, or relating to the BCA, the Related Documents and the transactions contemplated by the BCA (the “Company
Released Claims.” and together with the Velocity Released Claims, the “Released Claims”).

 

		6.	Notwithstanding anything contained in this Termination Agreement to the contrary, (i) it is the express
intention of the Parties that the Released Claims released pursuant to paragraphs 4 and 5 of this Termination Agreement do not include
claims, if any, based upon a breach of this Termination Agreement or a breach of the Confidentiality Agreement (as defined below), and
(ii) if the Company does not pay the Termination Fee within the time period specified in Section 10 of this Termination Agreement,
the release of the Velocity Parties set forth in Section 4 and Velocity’s waiver set forth in Section 2 shall be null
and void; provided, however, that such release and waiver shall be effective. ab initio, upon the payment of the Termination Fee.

 

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		7.	Each Party hereby agrees not to (a) make, publish or communicate to any person or in any public or private
forum or through any medium, any disparaging, damaging or demeaning statements about the other Parties or their respective affiliates,
or any of their respective officers, directors, employees, or agents, or (b) otherwise engage, directly or indirectly, in any communications
with any person that may be disparaging to the other Parties and their respective affiliates that may damage the reputation or goodwill
of the other Parties or their respective affiliates, or that may place the other Parties or their respective affiliates in any false or
negative light. Each Party hereby represents to the other Parties that it has not engaged in any of the actions and communications described
in the foregoing prior to the date hereof.

 

		8.	Each Party acknowledges and understands that there is a risk that subsequent to the execution of this
Termination Agreement, each Party may discover, incur or suffer Released Claims that were unknown or unanticipated at the time of the
execution of this Termination Agreement, and which, if known on the date of the execution of this Termination Agreement, might have materially
affected such Party’s decision to enter into and execute this Termination Agreement. Each Party further agrees that by reason of
the releases contained herein, each Party is assuming the risk of such unknown Released Claims and agrees that this Termination Agreement
applies thereto.

 

		9.	Each Party acknowledges and agrees that it is familiar with Section 1542 of the Civil Code of the State
of California (“Section 1542”), which provides as follows:

 

A GENERAL RELEASE DOES NOT EXTEND TO
CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
AND THAT IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.

 

Each Party hereby waives and relinquishes any rights and benefits
that such Party may have under Section 1542 or any similar statute or common law principle of any jurisdiction. Each Party acknowledges
that it may hereafter discover facts in addition to or different from those that such Party now knows or believes to be true with respect
to the subject.

 

		10.	Except as otherwise provided in paragraph 3 of this Termination Agreement, the Parties hereby acknowledge
and agree that each Party continues to be bound by the Non-Disclosure and Confidentiality Agreement, dated as of April 12, 2021 (the “Confidentiality
Agreement”) by and among the parties thereto, and that all information obtained pursuant to the BCA shall be kept confidential
in accordance with the Confidentiality Agreement.

 

		11.	Within 45 days of the date hereof, the Company shall pay $1,393,750 (the “Termination Fee”)
to Velocity by wire transfer of immediately available funds to the account specified on Schedule A.

 

		12.	If any term or other provision of this Termination Agreement is invalid, illegal or incapable of being
enforced by any rule of law, or public policy, all other conditions and provisions of this Termination Agreement shall nevertheless remain
in full force and effect so long as the economic or legal substance of the transactions contemplated by this Termination Agreement are
not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the Parties shall negotiate in good faith to modify this Termination Agreement so as to effect the original
intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Termination
Agreement be consummated as originally contemplated to the fullest extent possible.

 

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		13.	This Termination Agreement shall be governed by, and construed in accordance with, the Laws of the State
of Delaware applicable to contracts executed in and to be performed in such State. Any Action arising out of or relating to this Termination
Agreement shall, to the fullest extent permitted by applicable Law, be heard and determined exclusively in the Court of Chancery of the
State of Delaware; provided that if jurisdiction is not available in such court, then any such Action may be brought in any federal
court located in the State of Delaware or any other Delaware state court. To the fullest extent permitted by applicable Law, the Parties
hereby (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves and with respect to their respective
properties for the purpose of any Action arising out of or relating to this Termination Agreement brought by any Party and (b) agree not
to commence any such Action except in the courts described above in Delaware, other than any Action in any court of competent jurisdiction
to enforce any judgment, decree or award rendered by any such court in Delaware as described herein. To the fullest extent permitted by
applicable Law, each of the Parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a
defense, counterclaim or otherwise, in any Action arising out of or relating to this Termination Agreement, (i) any claim that it is not
personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (ii) that it or its property is exempt
or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that (A) the Action in any
such court is brought in an inconvenient forum, (B) the venue of such Action is improper or (C) this Termination Agreement, or the subject
matter hereof, may not be enforced in or by such courts. Each of the Parties hereby waives to the fullest extent permitted by applicable
Law, any right it may have to a trial by jury with respect to any Action directly or indirectly arising out of or relating to this Termination
Agreement. Each of the Parties (a) certifies that no Representative, agent or attorney of any other party has represented, expressly or
otherwise, that such other party would not, in the event of any Action, seek to enforce that foregoing waiver and (b) acknowledges that
it and the other Parties have been induced to enter into this Termination Agreement, as applicable, by, among other things, the mutual
waivers and certifications in this paragraph 13.

 

		14.	This Termination Agreement may be executed and delivered (including by facsimile or portable document
format (.pdf transmission) in one or more counterparts, and by the different Parties in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

 

		15.	This Termination Agreement may only be amended in writing by the Parties.

 

		16.	Except for the Termination Fee, each Party hereby agrees to pay the expenses (including the fees and expenses
of counsel, accountants, investment bankers, experts and consultants) incurred by such Party in connection with the BCA and the transactions
contemplated thereby in accordance with the BCA. Notwithstanding the forgoing, the Company acknowledges and agrees to pay, on behalf of
Velocity, all fees of R.R. Donnelley incurred in connection with the preparation of the S-4 registration statement and other SEC filings
made solely in connection with the announcement and pendency of the BCA and the transactions contemplated thereby.

 

IN WITNESS WHEREOF, the undersigned
have executed this Termination Agreement as of the date written above.

 

[Signature Page(s) Follow.]

 

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	 	VELOCITY ACQUISITION CORP.
	 	 
	 	By:	/s/ Garrett Schreiber
	 	Name:  	Garrett Schreiber
	 	Title:	Chief Financial Officer
	 	 	 
	 	VBLG MERGER SUB, LLC
	 	 
	 	By: Velocity Acquisition Corp.
	 	 
	 	Its: Sole Member
	 	 
	 	By: 	/s/ Garrett Schreiber
	 	Name:  	Garrett Schreiber
	 	Title:	Chief Financial Officer
	 	 	 
	 	VBLG BLOCKER MERGER SUB, LLC
	 	 
	 	By: Velocity Acquisition Corp.
	 	 
	 	Its: Sole Member
	 	 
	 	By: 	/s/ Garrett Schreiber
	 	Name:	Garrett Schreiber
	 	Title:	Chief Financial Officer

 

[Signature Page to Termination Agreement]

 

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	 	BBQ HOLDING, LLC
	 	 
	 	By:	/s/ Russ Alan Wheeler
	 	Name:	Russ Alan Wheeler
	 	Title:	Chief Executive Officer
	 	 	 
	 	BVP BBQ BLOCKER, LP
	 	 
	 	By: BVP BBQ General Partner, LLC
	 	 
	 	Its: General Partner
	 	 
	 	By:	/s/ Stephen Lebowitz
	 	Name:	Stephen Lebowitz
	 	Title:	Authorized Person
	 	 	 
	 	BVP BBQ GENERAL PARTNER, LLC
	 	 
	 	By: 	/s/ Stephen Lebowitz
	 	Name: 	Stephen Lebowitz
	 	Title:	Authorized Person

 

[Signature Page to Termination Agreement]

 

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Schedule A

 

Account for Payment of Termination Fee 

 

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Exhibit A

 

Press Release 

 

See attached.

 

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Exhibit B

 

Form 8-K

 

See attached.

 

 

9Document

Exhibit 10.55

Executive Performance Share Unit Award Agreement

Fair Isaac Corporation
2021 Long-Term Incentive Plan

Performance Share Unit Agreement

This Performance Share Unit Award Agreement (this “Agreement”), dated [Month Day], 20[_] (the “Grant Date”), is by and between *[Name] (the “Participant”), and Fair Isaac Corporation, a Delaware corporation (the “Company”).  Any term capitalized but not defined in this Agreement will have the meaning set forth in the Company’s 2021 Long-Term Incentive Plan (the “Plan”).

In the exercise of its discretion to grant Awards under the Plan, the Committee has determined that the Participant should receive an Award of performance share units under the Plan.  This Award is subject to the following terms and conditions:

1.    Grant of Performance Share Units. The Company hereby grants to the Participant an Award consisting of performance share units (the “Units”) in an amount initially equal to the Target Number of Units specified on Appendix A to this Agreement.  The number of Units that may actually be earned and become eligible to vest pursuant to this Award can be between 0% and 200% of the Target Number of Units, but may not exceed the Maximum Number of Units specified on Appendix A to this Agreement.  Each Unit that is earned pursuant to Section 3 of this Agreement and vests pursuant to Section 4 of this Agreement represents the right to receive one share of the Company’s common stock as provided in Section 7 of this Agreement.  The Award will be subject to the terms and conditions of the Plan and this Agreement.

2.    Restrictions on Units.  Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than a transfer upon death in accordance with the Participant’s will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted by the Participant in accordance with Section 6(d) of the Plan.  Any attempted transfer in violation of this Section 2 shall be of no effect and may result in the forfeiture of all Units.  The Units and the Participant’s right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in this Agreement until satisfaction of the conditions for earning and vesting the Units as set forth in Section 3 and Section 4, respectively, of this Agreement.

3.    Earned Units.  Whether and to what degree the Units will be earned (the “Earned Units”) during the period starting on October 1, 20[_] and ending on September 30, 20[_] (the “Performance Period”) will be determined by whether and to what degree the Company has satisfied the applicable performance goal(s) for the Performance Period as set forth in Appendix A to this Agreement. Any Units that are not designated as Earned Units at the conclusion of the Performance Period in accordance with this Section 3 will be forfeited.  

4.    Vesting of Earned Units.  Subject to Section 6 of this Agreement, if the Participant remains a Service Provider continuously from the Grant Date, then 1⁄3 of the Earned Units will vest on 

each of December [10], 20[_], December [10], 20[_], and December [10], 20[_].  The period from October 1, 20[_] through December [10], 20[_] is referred to as the “Vesting Period.”  

5.    Service Requirement.  Except as otherwise provided in accordance with Section 6 of this Agreement, if you cease to be a Service Provider prior to the vesting dates specified in Section 4 of this Agreement, you will forfeit all unvested Units.  Your Service will be deemed continuing while you are on a leave of absence approved by the Company in writing or guaranteed by applicable law or other written agreement you have entered into with the Company (an “Approved Leave”). If you do not resume providing Service to the Company or any Affiliate following your Approved Leave, your Service will be deemed to have terminated upon the expiration of the Approved Leave.

6.    Effect of Termination of Service or Change in Control.

    (a)    Except as may be provided under the remainder of this Section 6, upon termination of Service during the Performance Period for any reason other than retirement in accordance with the Retirement Conditions, death or Disability, all Units will be immediately forfeited without consideration.

    (b)    Upon (i) termination of Service during the Performance Period due to death or Disability, the Target Number of Units subject to this Award will be deemed Earned Units and will vest in full upon such termination, or (ii) a Change in Control during the Performance Period as a result of which the Company does not survive as an operating company or survives only as a subsidiary of another entity (a “Business Combination”), the Target Number of Units subject to this Award will be deemed Earned Units and will vest in full upon or immediately before, and conditioned upon, the consummation of the Business Combination.  Any remaining Units that do not vest as provided in this Section 6(b) will be immediately forfeited without consideration.  In connection with a Change in Control during the Performance Period that is not a Business Combination, the Committee may provide in its discretion that the Target Number of Units subject to this Award will be deemed Earned Units and will vest in full upon the occurrence of the Change in Control or upon the termination of the Participant’s Service as an employee within 12 months following the Change in Control.

    (c)    Except as may be provided by the Committee pursuant to Section 6(d) or (e), upon termination of Service during the Vesting Period for any reason other than retirement in accordance with the Retirement Conditions, death or Disability, all Earned Units that have not vested will be immediately forfeited without consideration.
 
    (d)    Upon (i) termination of Service during the Vesting Period due to death or Disability, all Earned Units will vest in full upon such termination, or (ii) a Business Combination during the Vesting Period, all Earned Units will vest in full upon or immediately before, and conditioned upon, the consummation of the Business Combination.  In connection with a Change in Control during the Vesting Period that is not a Business Combination, the Committee may provide in its discretion that all Earned Units will vest in full upon the occurrence of the Change in Control or upon the termination of the Participant’s Service as an employee within 12 months following the Change in Control.

    (e)    Notwithstanding anything to the contrary in this Agreement, the Units shall continue to be earned in accordance with Section 3 of this Agreement and vest over the 

Vesting Period in accordance with Section 4 of this Agreement if your Service to the Company or any Affiliate terminates because of your Retirement and the following conditions are satisfied:  (i) you commenced discussions with the Company’s Chief Executive Officer or most senior human resources executive regarding your retirement from Service at least 12 full months prior to the date your Service terminates (the “Retirement Date”) and (ii) during the period beginning on your Retirement Date and ending on the final day of the Vesting Period, you: (a) continue to be available to provide Service as requested and (b) do not become employed by or otherwise provide paid services to any other entity or organization; provided, however, that you may be permitted to serve as an independent director on a board of directors for an entity that are not competitive with the Company’s business so long as any such service as an independent director is reviewed and approved in advance by the Committee.  For the avoidance of doubt, if you fail to comply with the conditions in this Section 6(e), you will forfeit all unvested Earned Units.

For purposes of this Agreement, “Retirement” means the termination of your employment (i) when you are age 55 or older and have at least five years of continuous Service as an employee (which must be immediately preceding the date of termination) and (ii) the sum of your age as of the date of your termination plus your years of Service as an employee equals at least 75.  Any Units that vest pursuant to this Section 6(e) shall be paid to you not later than 74 days after the applicable vesting date of the Units as specified in Section 4 of this Agreement.   

7.    Settlement of Units.  After any Units vest pursuant to Section 4 or Section 6 of this Agreement, the Company shall, as soon as practicable (but in any event within the period specified in Treas. Reg. § 1.409A-1(b)(4) to qualify for a short-term deferral exception to Section 409A of the Code), cause to be issued and delivered to the Participant, or to the Participant’s designated beneficiary or estate in the event of the Participant’s death, one Share in payment and settlement of each vested Unit (the date of each such issuance being a “Settlement Date”).  After any Units vest pursuant to Section 6(e) of this Agreement, the Company shall, as soon as practicable (but in any event within the period specified in Treas. Reg. § 1.409A-3(d)), cause to be issued and delivered to you, one Share in payment and settlement of each vested Unit.  Delivery of the Shares shall be effected by the electronic delivery of the Shares to a brokerage account maintained for the Participant at E*TRADE (or another broker designated by the Company or the Participant), or by another method provided by the Company, and shall be subject to the tax withholding provisions of Section 8 of this Agreement and compliance with all applicable legal requirements, including compliance with the requirements of applicable federal and state securities laws, and shall be in complete satisfaction and settlement of such vested Units.  Notwithstanding the foregoing, the Committee may provide that the settlement of any Earned Units that vest in accordance with Section 6(b)(ii) or 6(d)(ii) of this Agreement will be made in the amount and in the form of the consideration (whether stock, cash, other securities or property, or a combination thereof) to which a holder of a Share was entitled upon the consummation of the Business Combination (without interest thereon) (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares).

8.    Tax Consequences and Withholding.  As a condition precedent to the settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 of the Plan.  

    Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made.  Under such procedure, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up to the maximum rate applicable in your jurisdiction.  

    In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:

    (a)    delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;

    (b)    the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Sarbanes-Oxley Act of 2002; or

    (c)    any other method approved by the Company.

9.    No Shareholder Rights.  The Units subject to this Award do not entitle the Participant to any rights of a shareholder of the Company’s common stock.  The Participant will not have any of the rights of a shareholder of the Company in connection with the grant of Units subject to this Agreement unless and until Shares are issued to the Participant upon settlement of the Units as provided in Section 7 of this Agreement.  

10.    Governing Plan Document.  This Agreement and the Award are subject to all the provisions of the Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan.  If there is any conflict between the provisions of this Agreement and the Plan, the provisions of the Plan will govern.

11.    Choice of Law.  This Agreement will be interpreted and enforced under the laws of the state of Minnesota (without regard to its conflicts or choice of law principles).

12.    Binding Effect.  This Agreement will be binding in all respects on the Participant’s heirs, representatives, successors and assigns, and on the successors and assigns of the Company.

13.    Discontinuance of Service.  This Agreement does not give the Participant a right to continued Service with the Company or any Affiliate, and the Company or any such Affiliate 

may terminate the Participant’s Service at any time and otherwise deal with the Participant without regard to the effect it may have upon the Participant under this Agreement.

14.    Section 409A of the Code.  The Units as provided in this Agreement and any issuance of Shares or payment pursuant to this Agreement are intended to either be exempt from or comply with Section 409A of the Code so as not to subject you to payment of any additional tax, penalty or interest imposed under Section 409A of the Code.  The provisions of this Agreement shall be construed and interpreted to avoid the imputation of any such additional tax, penalty or interest under Section 409A of the Code yet preserve (to the nearest extent reasonably possible) the intended benefit payable to you.

15.    Compensation Recovery Policy.  To the extent that any compensation paid or payable pursuant to this Agreement is considered “incentive-based compensation” within the meaning of (i) the Company’s Executive Officer Incentive Compensation Recovery Policy, (ii) any similar or superseding policy adopted by the Board or any committee thereof or (iii) Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s common stock is then listed, such compensation shall be subject to potential forfeiture or recovery by the Company in accordance with such policies, laws, rules or regulations.
    

By executing this Agreement, the Participant accepts this Award and agrees to all the terms and conditions described in this Agreement and in the Plan document.

    

						
	PARTICIPANT	FAIR ISAAC CORPORATION
	                                                                                       	By:

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