Document:

exv10w27

Exhibit 10.27

July 28, 2010

Mr. Jordan W. Graham

210 Devonshire Blvd.

San Carlos, California 94070

Dear Jordan:

This letter agreement confirms our discussions regarding our desire to employ you at Fair Isaac
Corporation (the “Company”) as the Company’s Executive Vice President, Scores and President of FICO
Consumer Services responsible for leading the B2B and B2C components of our Scores Segment, and
sets out the terms and conditions on which you will join the Company, as follows:

	 	 	 

	Title:

	 	You will serve as the Company’s Executive Vice
President, Scores and President of FICO Consumer
Services.
	 
	 	 
	Term:

	 	The term of this letter agreement shall be for a
period commencing on August 2, 2010 and ending on
December 31, 2013 unless earlier terminated by
either party as provided in this letter agreement
(the “Term”). Upon expiration of the Term, your
employment shall automatically extend for one year
and from year to year thereafter on December
31st, pursuant to the terms and conditions set forth
in this letter agreement (or as modified by mutual
consent) unless the Company elects not to extend
this agreement by providing you with written notice
at least six (6) months prior to the scheduled
expiration date.
	 
	 	 
	Responsibilities:

	 	During your employment hereunder with the Company as
Executive Vice President, Scores and President of
FICO Consumer Services, you will report to the
Company’s Chief Executive Officer (“CEO”) and will
be responsible for the strategic leadership and
management of the Company’s B2B and B2C Scores
businesses and other functions to which you may be
assigned from time to time by the CEO of the
Company. You agree to serve the Company faithfully
and to the best of your ability, and to devote your
full working time, attention and efforts to the
business of the Company. You will be able to serve
as a Corporate Director on one outside Board.
Additionally, you may participate in charitable
activities and personal investment activities to a
reasonable extent, and you may serve as a director
of business and civic organizations as approved by
the Company’s Board of Directors (the “Board”), so
long as such activities and directorships do not
interfere with the performance of your duties and
responsibilities to the Company.

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	Contingencies:

	 	The terms of this letter agreement are contingent
upon the approval of the Company’s Compensation
Committee of the Board. Your employment is also
contingent upon the results of a background check,
which includes a criminal records check, reference
checks and verification of both education and
employment history. If the results of your
background check reveal information that is
inconsistent with information you have previously
provided, this offer may be rescinded.
	 
	 	 
	Representations:

	 	By accepting the terms of this letter agreement and
signing below, you represent and confirm that you
are under no contractual or legal commitments that
would prevent you from fulfilling your duties and
responsibilities to the Company as Executive Vice
President, Scores and President of FICO Consumer
Services.
	 
	 	 
	Initial Base Salary:

	 	You will be paid a base salary at the rate of
$450,000 per year for services performed, in
accordance with the regular payroll practices of the
Company with annual review by the Compensation
Committee of the Board (the “Committee”). Your
performance and base salary will be reviewed by the
Committee annually during the first quarter of each
fiscal year and may be adjusted upward from time to
time at the discretion of the Committee, but will
not be reduced without your consent during the Term.
	 
	 	 
	Signing Bonus:

	 	On the first regular payroll date of the Company
following your first day of active employment with
the Company, you will be paid a signing bonus in the
amount of $200,000, less applicable taxes.
	 
	 	 
	Incentive Bonus:

	 	For each full fiscal year of the Company that you
are employed during the Term, you will participate
in two cash incentive bonus plans. The first is an
annual incentive award opportunity under the
Management Incentive Plan payable from 0% to 100%,
with a target award equal to 50%, of your base
salary at the rate in effect at the end of such
fiscal year, pursuant to the terms and conditions
established by the Compensation Committee from time
to time. Funding is tied to overall Company
performance, plus personal performance against
objectives to be established during the first
quarter of each fiscal year. Any annual incentive
bonus earned for a fiscal year will be paid to you
by December 31 following the end of such fiscal
year. For the Company’s fiscal year 2010, you are
guaranteed to receive an incentive award of no less
than $50,000, less applicable taxes, provided you
remain actively employed by the Company as of the
regular annual payout date for incentive bonuses
under the Company’s FY10 Management Incentive Plan.
For the Company’s fiscal year 2011, you are
guaranteed to receive an incentive award of no less
than $225,000, less applicable taxes, provided you
remain actively employed by the Company as of the
regular annual payout date for incentive bonuses
under the Company’s FY11 Management Incentive Plan.
	 
	 	 
	 

	 	The second is an annual incentive opportunity under
the FY Consumer Services Incentive Plan ranging from
$0 (failure to achieve FY Consumer Services
Incentive Plan Goal) to a Target of $200,000
(achievement of FY Consumer Services Incentive Plan
Goal) with the award for above FY Consumer Services
Incentive Plan Goal performance increasing
exponentially above Target. The annual FY Consumer
Services Incentive Plan Goal will be established
during each annual business planning cycle, with
such FY Consumer Services Incentive

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	 	Plan Goal being tied directly to the growth of the Consumer Services
business. You will begin participating in the FY Consumer Services Incentive
Plan at the beginning of FY11 (October 1, 2010) with the specific FY
Consumer Services Incentive Plan Goal and award formulas to be established
by the Compensation Committee with your input prior to this date and jointly
for all fiscal years thereafter. Any annual incentive bonus earned for a
fiscal year will be paid to you by December 31 following the end of such
fiscal year.
	 
	 	 
	Annual Equity:

	 	For each full fiscal year of the Company that you are
employed during the Term, you will be eligible for an
annual equity grant based on achievement of objectives
established by the Committee at the Committee’s sole
discretion. Objectives will be established during the
first quarter of the fiscal year. In accordance with the
policies and practices of the Company, some or all of such
annual equity grant may be in the form of restricted stock
units that are economically equivalent to an option award.
Such equivalency will be determined by the Company in its
sole discretion.
	 
	 	 
	Initial Equity:

	 	The Company shall grant to you, effective as of your hire
effective date (the “Date of Grant”) a non-statutory
option to purchase 200,000 shares of the common stock of
the Company (the “Initial Option”), subject to the terms
of the Company’s 1992 Long-Term Incentive Plan, as amended
(the “Plan”), and a stock option agreement to be entered
into by you and the Company. The Initial Option shall
carry a seven-year term and an exercise price equal to the
Fair Market Value (as defined in the Plan) of the
Company’s common stock as of the Date of Grant. In
accordance with the policies and practices of the Company,
and prior to the Date of Grant, you may elect to receive
Restricted Stock Units (“RSU”) in lieu of up to one-half
of the shares of the Initial Option. If elected, you will
receive one RSU for every three shares of the Initial
Option that you forego, and such RSUs will be subject to
the Plan and a RSU agreement to be entered into by you and
the Company. All Initial Options and RSUs granted will be
subject to four-year ratable vesting.
	 
	 	 
	Benefits:

	 	While employed by the Company during the Term, you will be
eligible to participate in the employee benefit plans and
programs generally available to other executive officers
of the Company, and in such other employee benefit plans
and programs to the extent that you meet the eligibility
requirements for each individual plan or program and
subject to the provisions, rules and regulations
applicable to each such plan or program as in effect from
time to time. The plans and programs of the Company may
be modified or terminated by the Company in its
discretion.
	 
	 	 
	Vacation:

	 	While employed by the Company during the Term, you will
receive vacation time off in accordance with the policies
and practices of the Company, except that your annual
accrual rate shall not be less than four weeks paid
vacation off per year. Vacation time shall be taken at
such times so as not to unduly disrupt the operations of
the Company.
	 
	 	 
	Travel:

	 	In performing your responsibilities as Executive Vice
President, Scores and President of FICO Consumer Services,
you will be required to travel extensively, both within
the United States and internationally. For travel
required in the course of performing your duties and
responsibilities, you will be allowed to

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	 	select United Airlines in order to take advantage of your frequent flier
status to upgrade to business class at no cost to the Company with that
airline unless business class is available at a lower price in a competing
airline. All other terms and conditions of the Company’s Travel Policy will
apply.
	 
	 	 
	Office Location:

	 	Your primary office will be your home office.
However you will initially be expected to spend
significant time in the Company’s office in San
Rafael, California and, on an ongoing basis, its
headquarters office in Minneapolis, Minnesota.
	 
	 	 
	Inventions Agreement:

	 	As a condition of your employment and of receiving
payments and benefits in accordance with this
Agreement, you will be required to sign the enclosed
Proprietary Information and Inventions Agreement
(the “PIIA”), the terms of which are incorporated
herein by reference.
	 
	 	 
	Change in Control:

	 	In order to provide inducement for you (1) to remain
in the service of the Company in the event of any
proposed or anticipated change in control of the
Company and (2) to remain in the service of the
Company in order to facilitate an orderly transition
in the event of a change in control of the Company,
you and the Company will enter into a Management
Agreement dated as of the same date as this letter
agreement (the “Management Agreement”). The
Management Agreement will be coterminous with this
letter unless modified by mutual consent.
	 
	 	 
	Termination:

	 	Either you or the Company may terminate the
employment relationship during the Term or after the
Term at any time and for any reason. Upon
termination of your employment by either party for
any reason, you will promptly resign any and all
positions you then hold as officer or director of
the Company or any of its affiliates.
	 
	 	 
	Severance:

	 	In the case of any involuntary termination of your
employment by the Company without Cause or in the
case of voluntary resignation of your employment for
Good Reason (each a “Qualifying Termination”), prior
to January 1, 2013, the Company will pay you as
severance pay an amount equal to (a) 1.75 times your
annual base salary at the rate in effect on your
last day of employment; plus (b) one (1) times the
total incentive bonus payments paid to you for the
fiscal year preceding the Qualifying Termination (if
the Qualifying Termination occurs prior to your
receipt of your incentive bonus under the Company’s
FY11 Management Incentive Plan, the total incentive
bonus payment under this paragraph shall be
$225,000). In addition, upon a Qualifying
Termination the Company will, for a period of twelve
(12) months following the effective date of
termination of your employment, allow you to
continue to participate in any insured group health
and group life insurance plan or program of the
Company (but not any self-insured medical expense
reimbursement plan within the meaning of Section
105(h) of the Internal Revenue Code) at the
Company’s expense, to the extent you were a
participant in such plans as of your last day of
employment; however, if your participation in any
such plan is barred, the Company will arrange to
provide you with substantially similar insured
coverage at its expense. Benefits provided by the
Company may be reduced if you become eligible for
comparable benefits from another employer or third
party.

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	 	In the case of any involuntary termination of your employment by the Company
without Cause; or in the case of voluntary resignation of your employment
for Good Reason (each a “Qualifying Termination”), on or after January 1,
2013 but prior to the expiration of the Term; the Company will pay you as
severance pay an amount equal to one (1) times the sum of (a) your annual
base salary at the rate in effect on your last day of employment plus
(b) the total incentive bonus payments paid to you for the fiscal year
preceding the Qualifying Termination (if the Qualifying Termination occurs
prior to your receipt of your incentive bonus under the Company’s FY11
Management Incentive Plan, the total incentive bonus payment under this
paragraph shall be $225,000). In addition, upon a Qualifying Termination
the Company will, for a period of twelve (12) months following the effective
date of termination of your employment, allow you to continue to participate
in any insured group health and group life insurance plan or program of the
Company (but not any self-insured medical expense reimbursement plan within
the meaning of Section 105(h) of the Internal Revenue Code) at the Company’s
expense, to the extent you were a participant in such plans as of your last
day of employment; however, if your participation in any such plan is
barred, the Company will arrange to provide you with substantially similar
insured coverage at its expense. Benefits provided by the Company may be
reduced if you become eligible for comparable benefits from another employer
or third party.
	 
	 	 
	 

	 	Payment by the Company of any severance pay or premium reimbursements under
this paragraph will be conditioned upon you (1) signing and not revoking a
full release of all claims against the Company, its affiliates, officers,
directors, employees, agents and assigns, substantially in the form attached
to this letter agreement as Exhibit A, (2) complying with your
obligations under the PIIA or any other agreement between you and the
Company then in effect, (3) cooperating with the Company in the transition
of your duties, and (4) agreeing not to disparage or defame the Company, its
affiliates, officers, directors, employees, agents, assigns, products or
services. Any severance payable will be paid to you in a lump sum on the
first day of the seventh month following your “separation from service” as
determined under Section 409A of the Internal Revenue Code, but not earlier
than expiration of any rescission periods.
	 
	 	 
	 

	 	For purposes of this letter agreement, “Cause” and “Good Reason” have the
following definitions:
	 
	 	 
	 

	 	“Cause” means a determination in good faith by the Company of the existence
of one or more of the following: (i) commission by you of any act
constituting a felony; (ii) any intentional and/or willful act of fraud or
material dishonesty by you related to, connected with or otherwise affecting
your employment with the Company, or otherwise likely to cause material harm
to the Company or its reputation; (iii) the willful and/or continued
failure, neglect, or refusal by you to perform in all material respects your
duties with the Company as an employee, officer or director, or to fulfill
your fiduciary responsibilities to the Company,

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	 	which failure, neglect or refusal has not been cured within fifteen (15)
days after written notice thereof to you from the Company; or (iv) a
material breach by you of the Company’s material policies or codes of
conduct or of your material obligations under the PIIA or other written
agreement signed by you and the Company.
	 
	 	 
	 

	 	“Good Reason” means any one or more of the following conditions occur
without your written consent: (i) a material reduction in your authority,
duties, or responsibilities as Executive Vice President, Scores and
President of FICO Consumer Services, including a material reduction in your
budget authority or a requirement that you report to a corporate officer or
employee instead of reporting directly to the CEO of the Company, provided
that a reduction in the size or scope of the Company’s current or
anticipated business shall not constitute a material reduction in your
authority, duties or responsibilities under this subsection; or (ii)
material breach by the Company of any terms or conditions of this letter
agreement or of any material obligations of the Company under any other
written agreement signed by you and the Company, which breach has not been
caused by you and which has not been cured by the Company within fifteen
(15) days after written notice thereof to the Company from you.
	 
	 	 
	 

	 	In the event of termination of your employment by the Company for Cause,
resignation by you other than for Good Reason, or termination due to your
death or any disability for which you are qualified for benefits under the
Company’s group long-term disability program, the Company’s only obligation
hereunder shall be to pay such compensation and provide such benefits as are
earned by you through the date of termination of employment.
	 
	 	 
	 

	 	You shall not be eligible for any severance pay under this letter agreement
if the termination of your employment occurs within 90 days before, or at
any time upon or after, the occurrence of a First Event and prior to the end
of the Transition Period, as “First Event” and “Transition Period” are
defined in the Management Agreement, except that you will be eligible for
severance pay under this letter agreement if the termination of your
employment is otherwise a Qualifying Termination and occurs within 90 days
before the First Event, and you fail to satisfy the condition set forth in
Section 2(f) of the Management Agreement.

	 	 	 

	Indemnification
Agreement:

	 	The Company will indemnify you in connection with your
duties and responsibilities for the Company, as set out in
the Indemnification Agreement dated as of the same date as
this letter agreement (the “Indemnification
Agreement”).
	 
	 	 
	Taxes:

	 	The Company may withhold from any compensation payable to
you in connection with your employment such federal, state
and local income and employment taxes as the Company shall
determine are required to be withheld pursuant to any
applicable law or regulation.
	 
	 	 
	Assignment:

	 	This letter agreement shall not be assignable, in whole or
in part, by either party without the written consent of
the other party, except that the Company may, without your
consent, assign its rights and obligations under this
letter agreement

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	 	to any corporation or other business entity (i) with which the Company may
merge or consolidate, or (ii) to which the Company may sell or transfer all
or substantially all of its assets or capital stock; provided, however, that
no such assignment shall relieve the Company of its obligations hereunder in
the event that the assignee shall fail to perform the same.
	 
	 	 
	Interpretation:

	 	This letter agreement is intended to satisfy, or
otherwise be exempt from, the requirements of Sections
409A(a)(2), (3), and (4) of the Internal Revenue Code of
1986, as amended (the “Code”), including current and
future guidance and regulations interpreting such
provisions, and it should be interpreted accordingly.
	 
	 	 
	Applicable Law:

	 	This letter agreement shall be interpreted and construed
in accordance with the laws of the State of California.
	 
	 	 
	Entire Agreement:

	 	This letter agreement, the PIIA, the Indemnification
Agreement, and the Management Agreement constitute the
entire agreement between the parties, and supersede all
prior discussions, agreements and negotiations between
you and the Company. No amendment or modification of
this letter agreement will be effective unless made in
writing and signed by you and an authorized officer of
the Company.

If you have any questions about the terms of this letter agreement, please contact me or Richard
Deal.

Sincerely,

Mark N. Greene

Chief Executive Officer

I accept and agree to the terms and conditions of employment with Fair Isaac Corporation as set
forth above.

	 	 	 	 	 	 	 

	/s/ Jordan W. Graham
 

	 	 
	 	August 2, 2010
 

	 	 
	Jordan W. Graham

	 	 	 	Dated	 	 

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EXHIBIT A

RELEASE BY JORDAN W. GRAHAM

Definitions. I intend all words used in this Release to have their plain meanings in
ordinary English. Specific terms that I use in this Release have the following meanings:

	 	A.	 	I, me, and my include both me (Jordan W. Graham) and
anyone who has or obtains any legal rights or claims through me.
	 
	 	B.	 	FICO means Fair Isaac Corporation, any company related to Fair Isaac
Corporation in the present or past (including without limitation, its predecessors,
parents, subsidiaries, affiliates, joint venture partners, and divisions), and any
successors of Fair Isaac Corporation.
	 
	 	C.	 	Company means FICO; the present and past officers, directors,
committees, shareholders, and employees of FICO; any company providing insurance to
FICO in the present or past; the present and past employee benefit plans sponsored or
maintained by FICO (other than multiemployer plans) and the present and past
fiduciaries of such plans; the attorneys for FIC; and anyone who acted on behalf of
FICO or on instructions from FICO.
	 
	 	D.	 	Agreement means the Letter Agreement, Management Agreement,
Indemnification and Proprietary Information and Invention Assignment Agreement between
me and FICO including all of the documents attached to such agreements.
	 
	 	E.	 	My Claims mean all of my rights that I now have to any relief of any
kind from the Company, whether I now know about such rights or not, including without
limitation:

	 	1.	 	all claims arising out of or relating to my employment with
FICO or the termination of that employment;
	 
	 	2.	 	all claims arising out of or relating to the statements,
actions, or omissions of the Company;
	 
	 	3.	 	all claims for any alleged unlawful discrimination, harassment,
retaliation or reprisal, or other alleged unlawful practices arising under the
laws of the United States or any other country or of any state, province,
municipality, or other unit of government, including without limitation, claims
under Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act, the Americans with Disabilities Act, the Family and Medical
Leave Act, 42 U.S.C. § 1981, the Employee Retirement Income Security Act, the
Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the
Sarbanes-Oxley Act, the Lilly Ledbetter Fair Pay Act of 2009, the Minnesota
Human Rights Act, the Genetic Information Nondiscrimination Act, the Fair
Credit Reporting Act, the California Fair Employment and Housing Act, the
Minneapolis Civil Rights Ordinance, and workers’ compensation non-interference
or non-retaliation statutes (such as Minn. Stat. § 176.82);

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	 	4.	 	all claims for alleged wrongful discharge; breach of contract;
breach of implied contract; failure to keep any promise; breach of a covenant
of good faith and fair dealing; breach of fiduciary duty; estoppel; my
activities, if any, as a “whistleblower”; defamation; infliction of emotional
distress; fraud; misrepresentation; negligence; harassment; retaliation or
reprisal; constructive discharge; assault; battery; false imprisonment;
invasion of privacy; interference with contractual or business relationships;
any other wrongful employment practices; and violation of any other principle
of common law;
	 
	 	5.	 	all claims for compensation of any kind, including without
limitation, bonuses, commissions, stock-based compensation or stock options,
vacation pay and paid time off, perquisites, and expense reimbursements;
	 
	 	6.	 	all rights I have under California Civil Code section 1542,
which states that: “A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the time of
executing the release, which if known by him must have materially affected his
settlement with the debtor;”
	 
	 	7.	 	all claims for back pay, front pay, reinstatement, other
equitable relief, compensatory damages, damages for alleged personal injury,
liquidated damages, and punitive damages; and
	 
	 	8.	 	all claims for attorneys’ fees, costs, and interest.

	 	 	 	However, My Claims do not include any claims that the law does not allow to
be waived; any claims that may arise after the date on which I sign this Release;
any rights I may have to indemnification from FICO as a current or former officer,
director or employee of FICO; any claims for payment of severance benefits under the
Agreement; any rights I have to severance pay or benefits under the Agreement; or
any claims I may have for earned and accrued benefits under any employee benefit
plan sponsored by the Company in which I am a participant as of the date of
termination of my employment with FICO.

Consideration. I am entering into this Release in consideration of FICO’s obligations to
provide me certain severance benefits as specified in the Agreement. I will receive consideration
from FICO as set forth in the Agreement if I sign and do not rescind this Release as provided
below. I understand and acknowledge that I would not be entitled to the consideration under the
Agreement if I did not sign this Release. The consideration is in addition to anything of value
that I would be entitled to receive from FICO if I did not sign this Release or if I rescinded this
Release. I acknowledge and represent that I have received all payments and benefits that I am
entitled to receive (as of the date of this Release) by virtue of any employment by the Company.

Agreement to Release My Claims. In exchange for the consideration described in the
Agreement, I give up and release all of My Claims. I will not make any demands or claims against
the Company for compensation or damages relating to My Claims. The consideration that I am
receiving is a fair compromise for the release of My Claims.

Cooperation. Upon the reasonable request of the Company, I agree that I will (i) timely
execute and deliver such acknowledgements, instruments, certificates, and other ministerial
documents (including without limitation, certification as to specific actions performed by me in my
capacity as an officer of the Company) as may be necessary or appropriate to formalize and complete
the applicable corporate records; (ii) reasonably consult with the Company regarding business
matters that I was involved with while

9

 

employed by the Company; and (iii) be reasonably available, with or without subpoena, to be
interviewed, review documents or things, give depositions, testify, or engage in other reasonable
activities in connection with any litigation or investigation, with respect to matters that I may
have knowledge of by virtue of my employment by or service to the Company. In performing my
obligations under this paragraph to testify or otherwise provide information, I will honestly,
truthfully, forthrightly, and completely provide the information requested, volunteer pertinent
information and turn over to the Company all relevant documents which are or may come into my
possession.

My Continuing Obligations. I understand and acknowledge that I must comply with all of my
post-employment obligations under the Agreement and under the Proprietary Information and
Inventions Agreement dated July 28, 2010. I will not defame or disparage the reputation,
character, image, products, or services of FICO, or the reputation or character of FICO’s
directors, officers, employees and agents, and I will refrain from making public comment about the
Company except upon the express written consent of an officer of FICO.

Additional Agreements and Understandings. Even though FICO will provide consideration for
me to settle and release My Claims, the Company does not admit that it is responsible or legally
obligated to me. In fact, the Company denies that it is responsible or legally obligated to me for
My Claims, denies that it engaged in any unlawful or improper conduct toward me, and denies that it
treated me unfairly.

Advice to Consult with an Attorney. I understand and acknowledge that I am hereby being
advised by the Company to consult with an attorney prior to signing this Release and I have done
so. My decision whether to sign this Release is my own voluntary decision made with full knowledge
that the Company has advised me to consult with an attorney.

Period to Consider the Release. I understand that I have 21 days from the date I received
this Release (or 21 days after the last day of my employment with FICO, if later) to consider
whether I wish to sign this Release. If I sign this Release before the end of the 21-day period,
it will be my voluntary decision to do so because I have decided that I do not need any additional
time to decide whether to sign this Release. I understand and agree that if I sign this Release
prior to my last day of employment with FICO it will not be valid and FICO will not be obligated to
provide the consideration described in the Release.

My Right to Rescind this Release. I understand that I may rescind this Release at any time
within 15 days after I sign it, not counting the day upon which I sign it. This Release will not
become effective or enforceable unless and until the 15-day rescission period has expired without
my rescinding it. I understand that if I rescind this Release FICO will not be obligated to
provide the consideration described in the Release.

Procedure for Accepting or Rescinding the Release. To accept the terms of this Release, I
must deliver the Release, after I have signed and dated it, to FICO by hand or by mail within the
21-day period that I have to consider this Release. To rescind my acceptance, I must deliver a
written, signed statement that I rescind my acceptance to FICO by hand or by mail within the 15-day
rescission period. All deliveries must be made to FICO at the following address:

Senior Vice President, Chief HR Officer

Fair Isaac Corporation

901 Marquette Avenue

Suite 3200

Minneapolis, MN 55402

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If I choose to deliver my acceptance or the rescission by mail, it must be postmarked within the
period stated above and properly addressed to FICO at the address stated above.

Interpretation of the Release. This Release should be interpreted as broadly as possible
to achieve my intention to resolve all of My Claims against the Company. If this Release is held
by a court to be inadequate to release a particular claim encompassed within My Claims, this
Release will remain in full force and effect with respect to all the rest of My Claims. I agree
that the provisions of this Release may not be amended, waived, changed or modified except by an
instrument in writing signed by an authorized representative of FICO and by me.

My Representations. I am legally able and entitled to receive the consideration being
provided to me in settlement of My Claims. I have not been involved in any personal bankruptcy or
other insolvency proceedings at any time since I began my employment with FICO. No child support
orders, garnishment orders, or other orders requiring that money owed to me by FICO be paid to any
other person are now in effect.

I have read this Release carefully. I understand all of its terms. In signing this Release, I
have not relied on any statements or explanations made by the Company except as specifically set
forth in the Agreement. I am voluntarily releasing My Claims against the Company. I intend this
Release and the Agreement to be legally binding.

	 	 	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

Jordan W. Graham
	 	 

11Exhibit 10.1

Exhibit 10.1

SECOND AMENDMENT TO LEASE

THIS SECOND AMENDMENT TO LEASE (“Second Amendment”) made and entered into this 23rd
day of November, 2010, by and between RADNOR PROPERTIES- SDC, L.P., hereinafter referred to as
“Landlord” and QLIKTECH, INC., hereinafter referred to as “Tenant”.

WHEREAS, Landlord leased certain premises consisting of 17,330 rentable square feet of space
commonly referred to Suites 200 and 220 (“Original Premises”) located at 150 Radnor Chester Road,
Radnor, Pennsylvania 19087 pursuant to that certain Lease dated November 15, 2005 (“Original
Lease”) as amended by First Amendment to Lease dated March 13, 2009 (“First Amendment”),
hereinafter referred to as “Lease,” the Original Premises being more particularly described
therein; and

WHEREAS, Tenant desires to expand the size of the Original Premises by adding, in the
aggregate a portion of the first floor and the entire third floor of the Building, subject to the
early termination of the existing tenants and the waiver of any rights of first refusal associated
with such expansion spaces;

WHEREAS, Landlord and Tenant wish to amend the Lease as follows;

NOW, THEREFORE, in consideration of these present and the agreement of each other, Landlord
and Tenant agree that the Lease shall be and the same is hereby amended as follows:

1. Incorporation of Recitals. The recitals set forth above, the Lease referred to
therein and the exhibits attached hereto are hereby incorporated herein by reference as if set
forth in full in the body of this Second Amendment. Capitalized terms not otherwise defined herein
shall have the meanings given to them in the Lease.

2. Lease of Additional Premises.

(a) The Lease is hereby amended to provide that Landlord hereby demises and lets unto
Tenant, and Tenant hereby leases and hires from Landlord the following spaces in the Building, on
the terms and conditions set forth herein:

(i) Suite E120 consisting of 4,561 rentable square feet (“Suite E120”); and

(ii) Suite E300 consisting of 17,315 rentable square feet (“Suite E300”);

Suite E120 and Suite E300 are collectively referred to as the “Additional Premises” and each
individually as an “Additional Premises” and are shown on the space plans (the “Space Plans”)
attached hereto as Exhibit “A” and Exhibit “A-1” and made a part hereof.

(b) The term of the Lease for the Additional Premises shall commence upon “substantial
completion” of the Landlord’s Work (as defined in subparagraph (c) hereof) related to the
Additional Premises (the “Additional Premises Commencement Date”). For the purposes of this Second
Amendment, “substantial completion” or “substantially completed” shall mean when the Landlord’s
Work has been completed to the extent that the Premises (i.e. Original Premises and Additional
Premises) may be occupied by Tenant for its Permitted Uses, subject only to the completion of minor
finishing, adjustment of equipment, and other minor construction aspects that do not prevent Tenant
from operating its business in such Premises, and Landlord has procured a certificate of occupancy
from the applicable governmental authority permitting the occupancy of such Premises. The parties
hereby acknowledge and agree that the substantial completion of Landlord’s Work with respect to
Suite E120 and Suite E300 may occur on different dates, and in such event (i) Tenant shall be
authorized to commence its business operations in such substantially completed Additional Premises
and (ii) the Additional Premises Commencement Date shall be defined separately as the “Suite E120
Additional Premises Commencement Date” and the “Suite E300 Additional Premises Commencement Date”,
as the case may be. The last to occur of the Suite E120 Additional Premises Commencement Date and
the Suite E300 Additional Premises Commencement Date shall be referred to herein as the “Last
Additional Premises Commencement Date”. Tenant shall execute a Confirmation of Lease Term
substantially in the form attached hereto as Exhibit “B” memorializing the substantial completion
of each portion of the Additional Premises and the applicable corresponding
Additional Premises Commencement Date, including a Confirmation of Lease Term to memorialize
the Last Additional Premises Commencement Date. If Tenant fails to execute or object to any
applicable Confirmation of Lease Term within ten (10) business days of its delivery, Landlord’s
determination of such dates shall be deemed accepted. If Tenant objects to any applicable
Confirmation of Lease Term as delivered within ten (10) business days of its delivery, Landlord and
Tenant shall use good faith efforts to resolve any such objections. It is the mutual intention of
Landlord and Tenant that the Additional Premises shall be leased to and occupied by Tenant on and
subject to all of the terms, covenants and conditions of the Lease except as otherwise expressly
provided to the contrary in this Second Amendment, and to that end, Landlord and Tenant hereby
agree that from and after the Last Additional Premises Commencement Date the word “Premises”, as
defined in the Lease, shall mean and include both the Original Premises and the Additional
Premises, containing a total of 39,206 RSF, unless the context otherwise requires.

 

 

 

(c) Landlord shall construct and do such other work in the Additional
Premises and Original Premises (collectively, the “Landlord’s Work”) in substantial conformity with
the Space Plans (which shall include the space plan for the Original Premises attached hereto as
Exhibit “A-2” and the plans and specifications prepared by Landlord’s architect (the “Plans and
Specs”). In consideration of Landlord’s performance of Landlord’s Work, Tenant shall pay to
Landlord a construction management fee equal to four percent (4%) of the total cost of the
Landlord’s Work, which construction management fee shall be paid from the Tenant Allowance (as
hereafter defined). Landlord shall involve Tenant in the process of developing the Plans and Specs
for the Landlord’s Work. The cost of the Final Plans and Specs shall be paid from the Tenant
Allowance and such Plans and Specs shall be submitted to Tenant for its approval, such approval not
to be unreasonably withheld or delayed. If Tenant does not advise Landlord in writing of its
disapproval of the Plans and Specs, and a detailed explanation of the reasons therefor, within five
(5) business days after Landlord’s delivery of the Plans and Specs, the same shall be deemed
approved by Tenant in all respects. If Tenant shall desire any changes, Tenant shall so advise
Landlord in writing and Landlord shall determine whether such changes can be made in a reasonable
and feasible manner. If Landlord agrees to make such reasonable changes, Landlord shall revise the
Plans and Specs and resubmit the same to Tenant for its reasonable approval. If Tenant does not
advise Landlord in writing of its disapproval of the revised Plans and Specs, and a detailed
explanation of the reasons therefor, within two (2) business days after Landlord’s delivery of the
revised Plans and Specs, the same shall be deemed approved by Tenant in all respects.

(d) If, after the Plans and Specs have been approved by Tenant and Landlord, any material
revision or supplement to Landlord’s Work is deemed necessary by Landlord in its reasonable
discretion, those revisions and supplements shall be submitted to Tenant for approval, which
approval shall not be unreasonably withheld or delayed. All of Landlord’s Work shall be
constructed in a good and workmanlike manner using first quality materials, all in accordance with
best trade practices and in compliance with all applicable laws, ordinances and regulations. If
Landlord shall be delayed in the substantial completion of Landlord’s Work as a result of (i)
Tenant’s failure to approve the Plans and Specs within the time periods set forth above, or to
furnish other reasonably requested information for the furtherance of Landlord’s Work in a timely
manner following Landlord’s written request to Tenant for the same; (ii) Tenant’s request for
materials, finishes or installations other than originally agree to by the parties; (iii) Tenant’s
changes in said Plans and Specs, which change has an associated time change; or (iv) Tenant’s
unreasonable interference with Landlord’s Work (each, a “Tenant’s Delay”); then the Additional
Premises Commencement Date and the payment of Fixed Rent hereunder shall be accelerated by the
number of days of such delay. Notwithstanding anything to the contrary stated in subparagraph 2(b)
above, the Term shall commence on the date the Landlord’s Work with respect to the Additional
Premises would have been substantially completed but for Tenant’s Delay. When Landlord considers
the Landlord Work to be substantially complete (taking into account that substantial completion of
Landlord’s Work in Suite E120, Suite E300 and the Original Premises may occur on different dates),
Landlord will notify Tenant and, within two (2) business days thereafter, Landlord’s representative
and Tenant’s representative shall conduct a walk through and identify any necessary touch-up work,
repairs and/or minor completion items as are necessary for final completion of the Landlord Work
(collectively, “Punch List Items”). Neither Landlord’s representative nor Tenant’s representative
shall unreasonably withhold his or her agreement on Punch List Items. Landlord shall cause all
Punch List Items to be completed within thirty (30) days after the date of substantial completion
of Landlord’s Work with respect to the applicable portion of the Premises (i.e. Original Premises,
Suite E120, and/or Suite E300) or such longer period of time as reasonably necessary under the
circumstances, provided Landlord is diligently pursuing.

 

2

 

(e) Tenant is entitled to a tenant improvement allowance in the amount of $45.00 per square
foot of the Premises, as expanded by the Additional Premises (totaling $1,764,270.00) (the “Tenant
Allowance”), which is to be used for improvements to the Additional Premises and/or Original
Premises, as the case may be; provided that up to $3.00 per
square foot of the Allowance may be used for Tenant’s furniture, fixtures and equipment.
Landlord and Tenant agree that Landlord’s obligation to pay for the cost of Landlord’s Work shall
be limited to the amount of the Tenant Allowance and that Tenant shall be responsible for the cost
of Landlord’s Work to the extent that it exceeds the Tenant Allowance. Tenant shall pay such costs
which exceed the Tenant Allowance within thirty (30) days of written request by Landlord.

(f) Landlord acknowledges that the substantial completion of the Landlord’s Work with respect
to the Additional Premises in compliance with the provisions of this Second Amendment beyond April
1, 2010 (the “Completion Date”) will cause Tenant to suffer certain damages which are difficult to
quantify. If substantial completion of the Landlord’s Work with respect to the Additional Premises
does not occur on or before the Completion Date (subject to force majeure or Tenant’s Delay), then
Tenant shall be entitled to one (1) day of free rent (i.e., Fixed Rent and any Additional Rent
applicable to the actual square footage of the Additional Premises where Landlord’s Work has not
been substantially completed) for each day after the Completion Date that substantial completion of
Landlord’s Work with respect to the Additional Premises occurs, and Tenant may offset any such
accrued rent credits against any Fixed Rent, Additional Rent or other amounts due Landlord under
the Lease. Time is of the essence as to this provision.

(g) From and after each Additional Premises Commencement Date (the Suite E120 Additional
Premises Commencement Date and the Suite E300 Additional Premises Commencement Date, as the case
may be) Tenant’s Share shall increase to take into account the portion of the Additional Premises
substantially completed and shall be calculated as a fraction, the numerator of which shall be the
total amount of square footage in the Premises (i.e. the Original Premises plus the substantially
completed Additional Premises) and the denominator shall be 339,544.

(h) Temporary Space. During the performance of Landlord’s Work, if Tenant shall
notify Landlord in writing of its need for temporary space then if any space or suites in the
Building become available for lease (“Temporary Space”), Landlord shall notify Tenant in writing of
such availability. Upon receipt of such written notice, Tenant shall have ten (10) days to notify
Landlord of whether or not it agrees to lease such Temporary Space from Landlord. If Tenant agrees
to lease such Temporary Space, Tenant shall pay Landlord a monthly rental amount based on an annual
calculation of $20.00 per leasable square foot of the Temporary Space. Tenant’s lease of the
Temporary Space shall be on a month-to-month basis and may be terminated by Landlord or Tenant upon
thirty (30) days written notice. The Temporary Space shall be delivered to Tenant “AS IS”, in a
good, neat, orderly and broom clean condition with all personal property and other tenants removed
from such Temporary Space, and rent for such Temporary Space shall commence on that date which is
the earlier of: (x) Tenant’s occupancy thereof, and (y) five (5) days after Landlord delivers such
Temporary Space to Tenant free of other tenants and occupants. Other than the terms listed in this
subparagraph, Tenant’s occupancy of the Temporary Space shall be on the same terms and conditions
of the Lease.

3. Term Extension. The Lease Term is hereby extended and shall expire ten (10) years
and three (3) months following the Last Additional Premises Commencement Date (“Expiration Date”).

 

3

 

4. Fixed Rent. Commencing on the dates referenced in the rent schedules below,
Tenant shall pay Fixed Rent as follows:

For the Original Premises:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Time Period	 	 	 	 	 	 	 	 	 	 
	From	 	To	 	 	Rent/sf	 	 	Rent/mo	 	 	Rent/yr	 
	Last Additional Premises Commencement Date
	 	Month 1	 	 	$	0.00	**	 	$	0	 	 	$	0	 
	Month 2
	 	 	12	 	 	$	27.50	*	 	$	39,714.58	 	 	 	476,575.00	 
	Month 13
	 	 	24	 	 	$	28.25	*	 	$	40,797.71	 	 	 	489,572.50	 
	Month 25
	 	 	36	 	 	$	29.00	*	 	$	41,880.83	 	 	 	502,570.00	 
	Month 37
	 	 	48	 	 	$	29.75	*	 	$	42,963.96	 	 	 	515,567.50	 
	Month 49
	 	 	60	 	 	$	30.50	*	 	$	44,047.08	 	 	 	528,565.00	 
	Month 61
	 	 	72	 	 	$	31.25	*	 	$	45,130.21	 	 	 	541,562.50	 
	Month 73
	 	 	84	 	 	$	32.00	*	 	$	46,213.33	 	 	 	554,560.00	 
	Month 85
	 	 	96	 	 	$	32.75	*	 	$	47,296.46	 	 	 	567,557.50	 
	Month 97
	 	 	108	 	 	$	33.50	*	 	$	48,379.58	 	 	 	580,555.00	 
	Month 109
	 	Expiration Date	 	 	$	34.25	*	 	$	49,462.71	 	 	 	593,552.50	 

	 	 	 
	*	 	plus Additional Rent and Electric

	 
	**	 	plus Electric

For Suite E120:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Time Period	 	 	 	 	 	 	 	 	 	 
	From	 	To	 	 	Rent/sf	 	 	Rent/mo	 	 	Rent/yr	 
	Suite E120 Additional Premises Commencement Date
	 	Last Additional Premises Commencement Date	 	 	$	27.50	*	 	$	10,452.29	 	 	$	125,427.50	 

	 	 	 
	*	 	plus Additional Rent and Electric

For Suite E300:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Time Period	 	 	 	 	 	 	 	 	 	 
	From	 	To	 	 	Rent/sf	 	 	Rent/mo	 	 	Rent/yr	 
	Suite E300 Additional Premises Commencement Date
	 	Last Additional Premises Commencement Date	 	 	$	27.50	*	 	$	39,680.21	 	 	$	476,162.50	 

	 	 	 
	*	 	plus Additional Rent and Electric

 

4

 

For the Additional Premises:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Time Period	 	 	 	 	 	 	 	 	 	 
	From	 	To	 	 	Rent/sf	 	 	Rent/mo	 	 	Rent/yr	 
	Last
Additional Premises
Commencement Date
	 	Month 3	 	 	$	0	**	 	$	0	 	 	$	0	 
	Month 4
	 	 	12	 	 	$	27.50 	*	 	 	50,132.50	 	 	 	601,590.00	 
	Month 13
	 	 	24	 	 	$	28.25 	*	 	 	51,499.75	 	 	 	617,997.00	 
	Month 25
	 	 	36	 	 	$	29.00 	*	 	 	52,867.00	 	 	 	634,404.00	 
	Month 37
	 	 	48	 	 	$	29.75 	*	 	 	54,234.25	 	 	 	650,811.00	 
	Month 49
	 	 	60	 	 	$	30.50 	*	 	 	55,601.50	 	 	 	667,218.00	 
	Month 61
	 	 	72	 	 	$	31.25 	*	 	 	56,968.75	 	 	 	683,625.00	 
	Month 73
	 	 	84	 	 	$	32.00 	*	 	 	58,336.00	 	 	 	700,032.00	 
	Month 85
	 	 	96	 	 	$	32.75 	*	 	 	59,703.25	 	 	 	716,439.00	 
	Month 97
	 	 	108	 	 	$	33.50 	*	 	 	61,070.50	 	 	 	732,846.00	 
	Month 109
	 	Expiration Date	 	 	$	34.25 	*	 	 	62,437.75	 	 	 	749,253.00	 

	 	 	 
	*	 	plus Additional Rent and Electric

	 
	**	 	plus Electric

In the event that Additional Premises Commencement Date is not the first day of the calendar
month, then Tenant shall pay to Landlord a sum equal to the pro-rated Fix Rent and Additional Rent
(based on the monthly rent amount stated in the rent schedules above (and further taking into
account the monthly rent amounts due for Suite E120 and Suite E300 individually should Landlord’s
Work with respect to such spaces be substantially completed on different dates)) as rent for the
fractional part of the month in which the Additional Premises Commencement Date occurs.

5. Additional Rent. Commencing on the Suite E120 Additional Premises Commencement
Date, the Base Year for Suite E120 shall be calendar year 2011, provided that Tenant shall pay to
Landlord Tenant’s Share of the costs of snow and ice removal to the extent the same exceed $0.15
per square foot of Suite E120 per annum. Commencing on the Suite E300 Additional Premises
Commencement Date, the Base Year for Suite E300 shall be calendar year 2011, provided that Tenant
shall pay to Landlord Tenant’s Share of the costs of snow and ice removal to the extent the same
exceed $0.15 per square foot of Suite E300 per annum. From and after the Last Additional Premises
Commencement Date, all references in Article 4 of the Original Lease to Base Year shall thereafter
refer to calendar year 2011 for the Premises and Tenant shall pay Tenant’s Share of Recognized
Expenses, other than snow and ice removal costs, over the 2011 Base Year and snow and ice removal
costs to the extent the same exceed $0.15 per square foot of the Premises per annum.

6. Renewal. Notwithstanding anything in Article 29 of the Lease or any other Article
of the Lease to the contrary, provided (i) Tenant is not in default beyond any applicable notice
and cure period at the time of exercise; (ii) Tenant has not been in default beyond any applicable
notice and cure period of any monetary obligations under this Lease more than twice in the
twenty-four (24) month period preceding the date Tenant notifies Landlord of its desire to renew
this Lease; (iii) Tenant is fully occupying the Premises; and (iv) the Lease is in full force and
effect, then Tenant shall have the right to renew this Lease for one (1) term of five (5) years
beyond the end of the Term (the “Renewal Term”). Tenant shall furnish written notice of intent to
renew twelve (12) months prior to the expiration of the applicable Term, failing which, such
renewal right shall be deemed waived; time being of the essence. The terms and conditions of this
Lease during the Renewal Term shall remain unchanged except that the annual Fixed Rent for the
Renewal Term shall be ninety-five percent (95%) of the Fair Market Rent (as such term is
hereinafter defined). All factors regarding Additional Rent shall remain unchanged in the absence
of further agreement by the parties. Anything herein contained to the contrary notwithstanding,
Tenant shall have no right to renew the Term hereof other than or beyond the one (1) consecutive
five (5) year Renewal Term hereinabove described; provided Landlord and Tenant may enter into a
separate written agreement for further renewals should the parties so desire. It shall be a
condition of such Renewal Term that Landlord and Tenant shall have executed, not less than nine (9)
months prior to the expiration of the then expiring Term hereof, an appropriate amendment to this
Lease, in form and content reasonably satisfactory to each of them,
memorializing the extension of the Term hereof for the next ensuing Renewal Term.

 

5

 

For purposes of this Lease, “Fair Market Rent” shall mean the base rent, for comparable space
(comparable as to building and location), net of all free or reduced rent periods, work letters,
cash allowances, fit-out periods and other tenant inducement concessions however denominated except
as hereinafter provided. In determining the Fair Market Rent, Landlord, Tenant and any appraiser
shall take into account applicable measurement and the loss factors, applicable lengths of lease
term, differences in size of the space demised, the location of the Building and comparable
buildings, amenities in the Building and comparable buildings, the ages of the Building and
comparable buildings, differences in base years or stop amounts for operating expenses and tax
escalations and other factors customarily taken into account in determining Fair Market Rent. The
Fair Market Rent shall reflect the level of improvement made or to be made by Landlord to the space
and the Recognized Expenses and Taxes under this Lease. If Landlord and Tenant cannot agree on the
Fair Market Rent, the Fair Market Rent shall be established by the following procedure: (1) Tenant
and Landlord shall agree on a single MAI certified independent appraiser who shall have a minimum
of ten (10) years experience in real estate leasing in the market in which the Premises is located,
(2) Landlord and Tenant shall each notify the other (but not the appraiser), of its determination
of such Fair Market Rent and the reasons therefor, (3) during the next seven (7) days both Landlord
and Tenant shall prepare a written critique of the other’s determination and shall deliver it to
the other party, (4) on the tenth (10th) day following delivery of the critiques to each other,
Landlord’s and Tenant’s determinations and critiques (as originally submitted to the other party,
with no modifications whatsoever) shall be submitted to the appraiser, who shall decide whether
Landlord’s or Tenant’s determination of Fair Market Rent is more correct. The determinations so
chosen shall be the Fair Market Rent. The appraiser shall not be empowered to choose any number
other than the Landlord’s or Tenant’s. The fees of the appraiser shall be paid by the
non-prevailing party. Article 29 of the Lease is hereby terminated in its entirety and replaced
with this paragraph 6.

7. Expansion Right. Subject to (a) Tenant not being in default beyond any applicable
notice and cure period at the time of exercise nor Tenant being in default beyond any notice and
cure period of any monetary obligations under this Lease more than twice during the twenty-four
(24) month period preceding the time of exercise; (b) Tenant occupying not less than all of the
Premises; (c) the rights of other tenants within the Building pursuant to written leases in effect
as of the date of this Second Amendment, and (d) such limitations as are imposed by other tenant
leases in effect as of the date of this Second Amendment, if, at any time during the Term
(including any Renewal Term), Landlord intends to enter into a lease for Suites E100, E110, E120,
E-130 and/or E140 (individually or all together herein referred to as the “Offered Space”) with
anyone other than the tenant then occupying such Offered Space, Landlord shall first offer to
Tenant the right to include the Offered Space within the Premises. With respect to such offer,
Landlord shall notify Tenant in writing with regard to the Offered Space, and in such written
notice, Landlord shall provide Tenant with the terms upon which Landlord would lease such Offered
Space (if such notice is within the first two (2) years following the Additional Premises
Commencement Date, such terms shall be the same terms as set forth in this Lease with the free rent
and tenant allowance prorated for the remaining Term), provided that, if there are less than three
(3) years remaining on the then current Term at the time of exercise, Tenant shall also extend the
Term of the Lease for at least an additional three (3) year Term, whereupon Tenant shall have
fifteen (15) days next following Landlord’s delivery of such notice within which to accept such
terms, time being of the essence. Should Tenant accept such terms specified by Landlord, the
parties shall enter into a new lease, or an amendment to this Lease, to memorialize their
agreement. In the absence of any further agreement by the parties, such Offered Space shall be
delivered “AS IS”, in a good, neat, orderly and broom clean condition with all personal property
and other tenants removed from such Offered Space, and Rent for such Offered Space shall commence
on that date which is the earlier of: (x) Tenant’s occupancy thereof, and (y) five (5) days after
Landlord delivers such Offered Space to Tenant free of other tenants and occupants. If Tenant
shall not accept Landlord’s terms within such fifteen (15) day period, or if the parties shall not
have executed and delivered a mutually satisfactory new lease or lease amendment within forty-five
(45) days next following Landlord’s original notice under this paragraph 7, then Tenant’s rights to
lease such space shall lapse until such Offered Space again becomes available for lease, and
Landlord may, at its discretion, lease such Offered Space to a third party upon the identical terms
and conditions offered to Tenant in writing, or on terms and conditions less favorable to the third
party than were offered to Tenant in writing. Tenant’s rights hereunder shall not include the right
to lease less than all of the space identified in Landlord’s notice. Anything herein contained to
the contrary notwithstanding, Landlord may at any time modify or extend any existing or future
tenant lease involving the Offered Space, without in any such case notifying or offering such space
to Tenant, or giving rise to any right of Tenant hereunder. Nothing contained in this paragraph 7
is intended nor may anything herein be relied upon by Tenant as a representation by Landlord as to
the availability of the Offered Space
within the Building at any time.

 

6

 

8. Early Termination. Notwithstanding anything in Article 28 of the Lease or any
other Article of the Lease to the contrary, Tenant shall have a one-time right to terminate this
Lease, on the last day of the 87th month following the Last Additional Premises
Commencement Date (“Early Termination Date”), provided Tenant (i) is not then in default beyond any
applicable notice and cure period nor has been in default beyond any applicable notice and cure
period of any monetary obligations under this Lease more than twice during the twenty-four (24)
month period immediately preceding such 87th month, (ii) gives Landlord not less than
twelve (12) months prior written notice, and (iii) pays to Landlord, within fifteen (15) days of
said notice, the Early Termination Payment. The “Early Termination Payment” shall equal the sum of
four (4) months Fixed Rent at the then current rate, plus the unamortized (on a straight-line basis
over the Term with interest at ten percent (10%)): (a) brokerage commissions and attorneys’ fees
paid by Landlord in connection with this Second Amendment and (b) Tenant Allowance. Failure to
provide written notice and payment within the prescribed time frame will be considered by Landlord,
without the necessity of additional notice, as a waiver of this right to terminate. Tenant
acknowledges and agrees that the Early Termination Payment is not a penalty and is fair and
reasonable compensation to Landlord for the loss of expected rentals from Tenant over the remainder
of the scheduled Term. If Tenant timely and properly exercises the Early Termination Option in
accordance with this provision, this Lease and the Term shall come to an end on the Early
Termination Date with the same force and effect as if the Term were fixed to expire on such date,
and the terms and provisions of Article 19 of the Original Lease shall apply. Article 28
of the Lease is hereby deleted in its entirety and replaced with this paragraph 8.

9. Restoration. In connection with the expansion into the Additional Premises, Tenant
may install (or have installed on its behalf as part of Landlord’s Work) interior staircases
between floors one (1) and two (2) and between floors two (2) and three (3). Tenant shall be
responsible for paying for the Landlord’s reasonable out of pocket costs and expenses for the
removal of the interior staircases and the restoration of the applicable staircase areas of the
Premises (the “Staircase Removal and Restoration”), unless Landlord notifies Tenant otherwise prior
to the expiration of the Term. Landlord shall be responsible for performing the Staircase Removal
and Restoration. Upon completion of the Staircase Removal and Restoration and within thirty (30)
days of receipt of invoices and other reasonable evidence requested by Tenant of the out of pocket
costs and expenses of the Staircase Removal and Restoration, Tenant shall reimburse Landlord for
the reasonable out of pocket costs and expenses of the Staircase Removal and Restoration, which
reimbursement shall not to exceed Seventy Five Thousand and 00/100 Dollars ($75,000.00).

10. Contingency. This Second Amendment is expressly contingent on Landlord’s ability
to make the Additional Premises available to Tenant by terminating or amending the existing leases
with the tenants in occupancy as of the date of this Second Amendment and obtaining a waiver of the
right of first offer to lease such Additional Premises from tenants existing as of the date of this
Second Amendment who have such right of first offers in their respective leases. In the event
Landlord has not, within sixty (60) days of the date of this Second Amendment (the “Contingency
Date”), provided written notice to Tenant that it has (i) successfully negotiated for the
termination or relocation of existing tenants in occupancy of the Additional Premises, and (ii)
obtained a waiver of the right of first offer to lease such Additional Premises from tenants
existing as of the date of this Second Amendment who have such right of first offers in their
respective leases, then either party shall have the right, at any time after the Contingency Date,
to provide written notice to the other which notice shall provide that such party intends to
terminate this Second Amendment. In the event Landlord provides notice to Tenant, this Second
Amendment shall terminate upon receipt of the notice by Tenant. In the event Tenant delivered the
notice, then Landlord shall have an additional thirty (30) days to satisfy conditions (i) and (ii)
in this Section 10 and if Landlord provides written notice of the satisfaction of such conditions
within such additional thirty (30) day period, Tenant’s notice shall be of no further force or
effect and this Second Amendment shall remain in full force and effect. In the event that Landlord
fails to satisfy conditions (i) and (ii) in this Section 10 within the additional thirty (30) day
period, this Second Amendment shall be terminated without penalty to Tenant. Landlord shall
provide Tenant a weekly status report on each of the existing tenants in occupancy and efforts made
to satisfy conditions (i) and (ii) set forth above.

 

7

 

11. Tenant Representations: Tenant hereby confirms that (i) the Lease is in full
force and effect and Tenant is in possession of the Original Premises; (ii) there are no defaults
by Landlord under the Lease, and (iii) Tenant’s security deposit is $25,000.

12. Brokerage Commission Landlord and Tenant mutually represent and warrant to each
other that they have not dealt, and will not deal, with any real estate broker or sales
representative in connection with this proposed transaction, except Newmark Knight Frank Smith
Mack, whose commission shall be paid by Landlord. Each party agrees to indemnify, defend and hold
harmless the other and their directors, officers and employees from and against all threatened or
asserted claims, liabilities, costs and damages (including reasonable attorney’s fees and
disbursements) which may occur as a result of a breach of this representation.

13. Parking. Notwithstanding anything contained in the Lease to the contrary, Tenant
is hereby entitled to ten (10) reserved/exclusive parking spaces in the designated parking area
located underneath the Building.

14. Signage. Notwithstanding anything contained in the Lease to the contrary, Tenant
shall have the right to (i) display signage in the elevator lobbies on each floor of the Building
which Tenant occupies; (ii) display signage at each entrance to its Premises on the Premises door;
(iii) have its name included on a proportionate number of listings in the Building’s tenant
directories; and (iv) subject to receipt of approval from all applicable governmental authorities,
install signage on the existing monument sign for the Building located at the western most entrance
to the Building property off of Lancaster Avenue. Tenant’s signage in items (i) through (iv) above
shall be professionally prepared, displayed in locations reasonably acceptable to Landlord, and of
a design and that is subject to Landlord’s prior approval, which approval shall not be unreasonably
withheld, conditioned or delayed.

15. Binding Effect. Except as expressly amended hereby, the Lease remains in full
force and effect in accordance with its terms. Tenant specifically acknowledges and agrees that
Article 18 of the Lease concerning Confession of Judgment is and shall remain in
full force and effect in accordance with its terms.

[SIGNATURES ON THE FOLLOWING PAGE]

 

8

 

IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Second Amendment on the date
first above written.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LANDLORD:

RADNOR PROPERTIES-SDC, L.P.	 	 
	 
	 	 	 	 	By:	 	Radnor GP-SDC, L.L.C., its general partner	 	 
	 
	WITNESS:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Rich McGuckin	 	 	 	By:	 	/s/ Daniel Palazzo	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Daniel Palazzo	 	 
	 

	 	 	 	 	 	Title:
	 	Vice President-Asset Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	TENANT:

QLIKTECH, INC.	 	 
	 
	ATTEST:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Brighid de Garay	 	 	 	By:	 	/s/ William Sorenson	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	William Sorenson	 	 
	 

	 	 	 	 	 	Title:
	 	Chief Financial Officer	 	 

 

9

 

EXHIBIT “A”

SUITE E120 SPACE PLAN

 

10

 

EXHIBIT “A-1”

SUITE E300 SPACE PLAN

 

11

 

EXHIBIT “A-2”

ORIGINAL PREMISES SPACE PLAN AS

REVISED TO ACCOUNT FOR LANDLORD’S WORK

 

12

 

EXHIBIT “B”

	 	 	 	 	 
	Premises:
	 	 	 	 
	 

	 	 

	 	 
	 	 	 
	Square Footage:
	 	 	 	 
	 

	 	 

	 	 
	Suite Number:
	 	 	 	 
	 

	 	 

	 	 

CONFIRMATION OF LEASE TERM

THIS MEMORANDUM is made as of the
 _____ 
day of                     , 2010 between RADNOR PROPERTIES-SDC,
L.P., a Delaware limited partnership, with an office at 555 Lancaster Avenue, Suite 100, Radnor, PA
19087 (“Landlord”) and QLIKTECH, INC. with its principal place of business at
                                                             (“Tenant”), who entered into a lease amendment dated for
reference purposes as of                     
 _____, 2010 (“Amendment”), covering certain premises located
at                                                             .
All capitalized terms, if not defined herein,
shall be defined as they are defined in the Lease.

1. The Parties to this Memorandum hereby agree that the date of                     
 _____, 200___ 
is the
“Additional Premises Commencement Date” for Suite                     .

2. Tenant hereby confirms the following:

(a) That it has accepted possession of Suite                      pursuant to the terms of the
Amendment;

(b) That the Tenant Allowance applicable to Suite                      is $                    

(c) That there are no offsets or credits against rentals;

(d) That there is no default by Landlord or Tenant under the Lease or Amendment and the Lease
and Amendment is in full force and effect.

3. Landlord hereby confirms to Tenant that its Building Number is                      and its
Lease Number is                     . This information must accompany each Rent check or wire
payment.

	 	 	 	 	 	 	 	 	 	 	 
	4. Tenant’s Notice Address is:	 	 	 	Tenant’s Billing Address is:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Attn:

	 	 	 	 	 	Attn:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	Phone No.:

	 	 	 	 	 	Phone No.:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	Fax No.:

	 	 	 	 	 	Fax No.:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	E-mail:

	 	 	 	 	 	E-mail:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

 

13

 

5. This Memorandum, each and all of the provisions hereof, shall inure to the benefit, or
bind, as the case may require, the parties hereto, and their respective successors and assigns,
subject to the restrictions upon assignment and subletting contained in the Lease.

IN WITNESS WHEREOF, Landlord and Tenant have duly executed this agreement on the date first
above written.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LANDLORD:

RADNOR PROPERTIES-SDC, L.P.	 	 
	 
	 	 	 	 	By:	 	Radnor GP-SDC, L.L.C., its general partner	 	 
	 
	WITNESS:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	TENANT:

QLIKTECH, INC.	 	 
	 
	ATTEST:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 

 

14

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