Document:

EX-10.1

 Exhibit 10.1 

TWELFTH AMENDMENT 
 TO

 LOAN AND SECURITY AGREEMENT 

This Twelfth Amendment to Loan and Security Agreement is entered into as of January 28, 2020 (the “Amendment”), by and between
EAST WEST BANK (“Bank”), IDENTIV, INC. (“Parent”) and THURSBY SOFTWARE SYSTEMS, LLC (“TSS”). TSS and Parent are also referred to herein individually as a “Borrower” and collectively as the
“Borrowers”. 
 RECITALS 

Borrowers and Bank are parties to that certain Loan and Security Agreement dated as of February 8, 2017, as amended from time to time,
including pursuant to that certain First Amendment to Loan and Security Agreement dated as of March 27, 2017, that certain Second Amendment to Loan and Security Agreement dated as of December 19, 2017, that certain Third Amendment to Loan
and Security Agreement dated as of January 30, 2018, and that certain Fourth Amendment to Loan and Security Agreement dated as of February 5, 2018, that certain Fifth Amendment to Loan and Security Agreement dated as of March 6, 2018,
that certain Sixth Amendment to Loan and Security Agreement dated as of April 14, 2018, that certain Seventh Amendment to Loan and Security Agreement dated as of July 17, 2018, that certain Eighth Amendment to Loan and Security Agreement
dated as of November 1, 2018, that certain Ninth Amendment to Loan and Security Agreement dated as of January 2, 2019, that certain Tenth Amendment to Loan and Security Agreement dated as of February 6, 2019 and that certain Eleventh
Amendment to Loan and Security Agreement dated as of March 28, 2019 (collectively, the “Agreement”). The parties desire to amend the Agreement in accordance with the terms set forth herein. 

NOW, THEREFORE, the parties agree as follows: 

1.    The following definitions set forth in Section 1.1 of the Agreement are added, or amended and restated
in their entirety to read as follows: 
 “Borrowing Base” means an amount equal to (i) eighty five percent
(85%) of Eligible Accounts plus (ii) fifty percent (50%) of Eligible Inventory, as determined by Bank with reference to the most recent Borrowing Base Certificate delivered by Borrowers; provided however, (x) the total amount of the
Borrowing Base with respect to clause (ii) above shall not exceed (A) at any time while the Term Loan is outstanding, the lesser of Seven Million Seven Hundred Seventy Five Thousand Dollars ($7,750,000) or fifty percent (50%) of the total
Borrowing Base, or (B) at any other time, the lesser of Ten Million Dollars ($10,000,000) or fifty percent (50%) of the total Borrowing Base; (y) any Borrowing Base that is based on an Off-Cycle
Borrowing Base Certificate shall retain the amount of Eligible Inventory determined by the most recent Routine Borrowing Base Certificate and any ineligible Accounts stated in such Routine Borrowing Base Certificate shall also be carried over into
the Off-Cycle Borrowing Base Certificate; and (z) the Borrowing Base may be revised from time to time by Bank following each Collateral audit or as Bank deems necessary in Bank’s reasonable judgment
and after commercially reasonable notice thereof to Borrowers. 
 “Credit Extension” means each Advance, the
extension of the Term Loan on the Term Loan Date or any other extension of credit by Bank for the benefit of Borrowers hereunder. 

“EBITDA” means Borrowers’ earnings before interest, taxes, depreciation and amortization expenses, determined
in accordance with GAAP, and excludes provision (benefit) for, net income (loss) attributable to non-controlling interest, foreign currency losses (gains), impairment of goodwill, stock-based compensation, non-cash expense (gains), one-time expenses not to exceed $200,000 per fiscal quarter, and restructuring and severance expenses not to exceed (x) $1,000,000 for quarter ending
March 31, 2020 and (y) $1,000,000 for quarter ending June 30, 2020, and (z) $300,000 for each fiscal quarter thereafter. 

 “Fixed Charge Coverage Ratio” means, as of any particular
measurement date (the “Measurement Date”), a ratio of (a) EBITDA minus (i) the amount of non-financed capital expenditures, minus (ii) taxes paid or payable in cash to (b) the sum
of (i) all interest payments paid or payable on all Credit Extensions plus (ii) $3,000,000, with each of the foregoing calculated for the twelve month period ending on the Measurement Date, and determined in accordance with GAAP. 

“Revolving Line” means a credit extension of up to Fifteen Million Five Hundred Thousand Dollars ($15,500,000),
provided however, that upon the repayment of the Term Loan and if on the date of such repayment (i) Borrowers have been in complete compliance with all covenants set forth in Section 6.9 of the Agreement prior to such date and (ii) no
Event of Default has occurred that is continuing on such date, the “Revolving Line” shall mean at any time on or after such date a credit extension of up to Twenty Million Dollars ($20,000,000). 

2.    Clause (c) of the defined term “Eligible Accounts” set forth in Section 1.1 of the
Agreement is amended and restated in its entirety to read as follows: 
 (c)    Accounts with respect to
an account debtor, fifty percent (50%) of whose Accounts the account debtor has failed to pay within ninety (90) days of invoice date; 

3.    The following is added as a new subsection (b) following the end of Section 2.1(a) of the
Agreement: 
 (b)    Term Loan. 

(i)    Subject to and upon the terms and conditions of this Agreement, on January 29,
2020 (the “Term Loan Date”), Bank shall make a single cash advance to Borrower in the original principal amount of Four Million Five Hundred Thousand Dollars ($4,500,000) (the “Term Loan”), the proceeds of which shall be applied
to repay in full any overadvance under Section 2.2 that is outstanding on such date. 

(ii)    Interest shall accrue from the Term Loan Date of the Term Loan at the rate
specified in Section 2.3, and shall be payable monthly on the first day of each month so long as the Term Loan is outstanding. Borrower shall make monthly principal payments in the amount of Two Hundred Fifty Thousand Dollars ($250,000) on the
first day of each month beginning on February 1, 2020, and continuing on the first day of each month thereafter through the first anniversary of the Term Loan Date (the “Term Loan Maturity Date”), at which time all amounts owing under
this Section 2.1(b) shall be immediately due and payable. The Term Loan, once repaid, may not be reborrowed. Borrowers may prepay the Term Loan without penalty or premium at any time. 

4.    The following is added as a new clause (ii) to the end of Section 2.3(a) of the Agreement: 

(ii) Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding Daily
Balance thereof, at a per annum rate equal to two and one quarter percent (2.25%) plus the greater of (x) the Prime Rate or (y) four and three quarters percent (4.75%). 

5.    The following is added as a new subsection (d) to the end of Section 2.6 of the Agreement: 

(d)    Backend Fee. On the earlier to occur of the date the Term Loan is repaid or becomes due and
payable, Borrower shall pay to Bank a cash fee in the amount of $45,000, which is fully earned and nonrefundable as of the Term Loan Date. 

6.    The following is added as a new subsection (d) to the end of Section 6.9 of the Agreement: 

  
 2 

 (d)    Fixed Charge Coverage Ratio. For so long as the
Term Loan is outstanding, Borrower shall maintain a Fixed Charge Coverage Ratio of at least 1.15 : 1.00, measured on a quarterly basis, beginning with the calendar quarter ending March 31, 2020. 

7.    Exhibit C (Borrowing Base Certificate) to the Agreement is replaced in its entirety with the Exhibit C
separately provided by Bank to Borrower on or around the date hereof. 
 8.    Exhibit D to the Agreement is
replaced in its entirety with the Exhibit D attached hereto. 
 9.    Unless otherwise defined, all initially
capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects.
Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof.
Each Borrower ratifies and reaffirms the continuing effectiveness of all agreements entered into in connection with the Agreement. 

10.    Each Borrower represents and warrants that the representations and warranties contained in the Agreement are
true and correct as of the date of this Amendment, and that no Event of Default has occurred and is continuing. 

11.    The Bank acknowledges and agrees that following the application of the Term Loan proceeds in accordance with
Section 2.1(b)(i) of the Agreement (as set forth herein) and the effectiveness of this Amendment, the overadvance (disclosed to the Bank by the Borrowers prior to the Term Loan Date) pursuant to Section 2.2 of the Agreement and any
violation of the terms of Section 2.2 with respect to such overadvance is hereby waived. The Borrowers hereby acknowledge and agree that any future violation of Section 2.2, or any other prior or present violation of Section 2.2, or
any other failure by Borrowers to perform their obligations under the Loan Documents are not subject to any such waiver and that there is no course of conduct between the parties that would alter in any way the obligations of the Borrowers to the
Bank. 
 12.    This Amendment may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such
signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original hereof.
Notwithstanding the foregoing, Borrowers shall deliver all original signed documents requested by Bank no later than five (5) Business Days following the date of execution. 

13.    As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance
satisfactory to Bank, the following: 
 (a)    this Amendment, duly executed by Borrowers; 

(b)    payment of an amendment and facility fee in the amount of $40,000 plus all Bank Expenses incurred through
the date of this Amendment; and 
 (c)    such other documents, and completion of such other matters, as Bank may
reasonably deem necessary or appropriate. 
 [REMAINDER OF THIS PAGE
INTENTIONALLY LEFT BLANK] 

  
 3 

 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above
written. 
  

			
	  IDENTIV, INC.

	
	 By: /s/ Sandra Wallach
	
	 Name: Sandra Wallach
	
	  Title: CFO

	
	 THURSBY SOFTWARE SYSTEMS, LLC
	
	 By: /s/ Sandra Wallach
	
	 Name: Sandra Wallach
	
	 Title: CFO
	
	 EAST WEST BANK
	
	 By: /s/ Kelvin Chan
	
	 Name: Kelvin Chan
	
	  Title: Managing Director

  
 4 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 

TO:          EAST WEST BANK 

FROM:    IDENTIV, INC. 
 The
undersigned authorized officer of IDENTIV, INC., on behalf of itself and all other Borrowers, hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrowers and Bank (the
“Agreement”), (i) each Borrower is in complete compliance for the period ending                      with all required covenants except as
noted below and (ii) all representations and warranties of Borrowers stated in the Agreement are true and correct as of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further
certifies that the annual financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and such other financial information is prepared consistently from one period to the next; except as explained in an
accompanying letter or footnotes. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 

 

									
	Reporting Covenant	 	Required	  	Complies
	Borrowing Base Certificate	 	Monthly within 20 days	  	Yes	  	No
	A/R & A/P Agings	 	Monthly within 20 days	  	Yes	  	No
	Inventory report	 	Monthly within 20 days	  	Yes	  	No
	Compliance Certificate	 	Monthly within 20 days	  	Yes	  	No
	Monthly financial statements with compliance certificate	 	Monthly within 30 days	  	Yes	  	No
	Annual financial statements (CPA Audited)	 	Annually within 180 days of fiscal year end	  	Yes	  	No
	Annual operating budget, sales projections and operating plans approved by board of directors	 	Annually no later than 30 days prior to the
beginning of each fiscal year	  	Yes	  	No
	Contact/address list of Borrowers’ account debtors	 	Within 30 days of FYE	  	Yes	  	No
	A/R and Collateral Audit	 	Annual	  	Yes	  	No
	Deposit balances with Bank	 	$                     	  	Yes	  	No
	Deposit balance outside Bank	 	$                     	  		  	

									
				
	Financial Covenant	 	 Required
	  	Actual	  	Complies
	Minimum Unrestricted Cash	 	 $4,000,000
	  	$                    	  	Yes	  	No
	Minimum trailing 3 month EBITDA	 	 $300,000
	  	$                    	  	Yes	  	No
	 Minimum Fixed Charge Coverage Ratio 
(while Term Loan is outstanding)
	 	 1.15 : 1.00
	  	             : 1.00	  	Yes	  	No

  

					
	Comments Regarding Exceptions: See Attached.	 		 	BANK USE ONLY
			 
		 		 	Received
by:                                        
                                         
              
			 
	Sincerely,	 		 	 AUTHORIZED SIGNER

		 		 	Date:                           
                                         
                                       
		 		 	 
	  
 SIGNATURE
	 		 	Verified:                           
                                         
                                 
		 		 	 AUTHORIZED SIGNER

	  
 TITLE
	 		 	Date:                           
                                         
                                       
		 		 	 
	  
 DATE
	 		 	Compliance Status
                                     Yes
                                
NoExhibit

Exhibit 10.1

Executive Performance Share Unit Award Agreement

Fair Isaac Corporation
2012 Long-Term Incentive Plan

Performance Share Unit Agreement

This Performance Share Unit Award Agreement (this “Agreement”), dated December 10, 2019 (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 2012 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, 2019 and ending on September 30, 2020 (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, 2020, December 10, 2021 and December 10, 2022.  The period from October 1, 2020 through December 10, 2022 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.

1

Exhibit 10.1

		
	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(e) or (f), 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 

2

Exhibit 10.1

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 15 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 minimum statutory withholding rates for federal, state and local tax purposes that are applicable to supplemental taxable income.  

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 

3

Exhibit 10.1

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:______________________________________

	 
	Title:_____________________________________

4

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