Document:

EX-10.12

 Exhibit 10.12 
 COMMISSION PROGRAM – LYLE HUTCHISON 
 (Effective
February 1, 2013) 
  

			
	Position Title:	  	Vice President – Sales
	Description:	  	Responsible for the Company’s sales efforts directed towards new or prospective customers.

  

	1.	Commission and Fee Structure: 

  

	 	A.	Sales of Software and Hardware to New Customers:1 

 With respect to each contract for the sale of a software license and/or hardware to a new customer of CPSI (whether pursuant to a standard sales contract or a SaaS contract), the commission rate shall be
2.0% of CPSI’s gross profit or anticipated gross profit, as the case may be, from such sale, calculated as of the date of completion of installation. In the event that CPSI’s gross profit from sales of software licenses and hardware to new
customers exceeds $16,475,704 in a calendar year, the commission rate will increase to 3.0% of the gross profit from sales exceeding $16,475,704 in such year. Commissions are earned at the time of completion of installation of the applicable
software/hardware. The timing of payment of earned commissions shall be in accordance with Section 2 below. 
 If a new
customer is an affiliate of an existing customer (the “master customer”) and the new customer signs a Facility Addendum to the Master Corporate Agreement, the commissions due from sales to the new customer will be split evenly between the
sales manager responsible for the territory of the master customer and the sales manager responsible for the territory of the new customer. 
  

	 	B.	TruBridge, LLC Services: 

With respect to each contract entered into for the provision of Outsourcing Services and/or Professional Services by TruBridge, LLC by a
new customer, the employee shall receive a one-time fee of $500. The timing of payment of such fees shall be in accordance with Section 2 below. 
  

	2.	Timing of Commission and Fee Payments: 

  

	 	A.	General: Subject to Section 2.B through Section 2.D. below, commissions earned pursuant to Section 1.A above will be paid to the employee on a
monthly basis. Fees earned pursuant to Section 1.B above will be paid to the employee at the time that the Company recognizes revenue from such business management services contract under GAAP. 

 

	 	B.	Payment Default By Customer: In the event that a customer defaults on payment for software licenses or hardware, all commissions previously paid to the employee
on the defaulted customer account shall be deducted from the employee’s future commission payments. In the event that partial payment due from a customer is received, the amount 

 

	1 	For purposes of this Commission Program, a customer is considered a “new customer” of CPSI for a period of one year from the date that the first software
module is installed by CPSI with such customer. 

	 	
of prior commissions to be deducted from future commissions will be pro-rata based on the amount of the payment received. For example, if a customer pays only 60% of an invoice, then the employee
will retain 60% of the commissions received, with the remaining 40% to be withheld from future commission payments. The payment to the employee based on a new contract for the provision of services by TruBridge, LLC shall not be subject to
recoupment. 

  

	 	C.	Post-Employment Commission and Fee Payments: Except as noted in Section 2.D., below, commissions and fees will not be paid to, or on behalf of, any
individual who is no longer an employee of CPSI, regardless of the reason for the employee’s termination of employment (i.e., whether voluntary, involuntary or otherwise). 

 

	 	D.	Death: In the event of the death of the employee while employed in good standing with CPSI, the following commissions and fees will be paid to the
employee’s estate/beneficiary(ies) as listed in the employee’s last will and testament (or if no such will, to the employee’s spouse, if any; if not, to the employee’s estate) at the same time that such payments would have been
paid to the employee if the employee had not died: 

  

	 	(i)	Commissions from the installation of software licenses and hardware at new customers during the 90-day period following the employee’s death (to the extent that a
contract for such installation was executed prior to the employee’s death); and 

  

	 	(ii)	Fees from the provision of services by TruBridge, LLC during the 90-day period following the employee’s death (to the extent that CPSI has recognized revenue under
GAAP from the provision of such services within such 90-day period). 

  

	3.	Exemption From Section 409A: 

 This Commission Program is intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended. 
  

	4.	Modification/Termination: 

 This Commission Program shall remain in full force and effect unless and until modified or terminated by the CPSI in its sole discretion. 

  
 2EX-10.13

 Exhibit 10.13 
 COMMISSION PROGRAM – RICHARD JONES 
 (Effective
February 1, 2013) 
  

			
	Position Title:	  	Vice President – Sales of TruBridge, LLC
	Description:	  	Responsible for overseeing all sales and marketing efforts related to the services provided by TruBridge, LLC.

  

	1.	Commission Structure: 

  

	 	A.	Sales of Services to CPSI Clients: 

 With respect to each contract entered into for the provision of services by TruBridge, LLC by a client who has entered into a contract with CPSI for an EMR system, the commission rate shall be 13% of the
commissions paid to the applicable Sales Managers, which is based on CPSI’s qualified billings on such contract during the initial term of the contract. Commissions are earned at the time that CPSI recognizes revenue from such contract under
GAAP. The timing of payment of earned commissions shall be in accordance with Section 2 below. 
  

	 	B.	Sales of Services to Non-CPSI Clients: 

 With respect to each contract entered into for the provision of services by TruBridge, LLC by a client who has not entered into a contract with CPSI for an EMR system, the commission rate shall be 33% of
the commissions paid to the applicable Sales Managers, which is based on CPSI’s qualified billings on such contract during the initial term of the contract. Commissions are earned at the time that CPSI recognizes revenue from such contract
under GAAP. The timing of payment of earned commissions shall be in accordance with Section 2 below. 
  

	 	C.	Payment Based on TruBridge, LLC Financials: 

 The employee shall also receive a payment in the amount equal to 0.5% of the net income earned by TruBridge, LLC, as reflected on CPSI’s financial statements. The timing of this payment shall be in
accordance with Section 2 below. 
  

	2.	Timing of Commission Payments: 

  

	 	A.	General: Subject to Section 2.B through Section 2.D. below, commissions earned pursuant to Section 1 above will be paid to the employee on a
monthly basis. 

  

	 	B.	Payment Default By Customer: In the event that a customer defaults on payment for services provided by TruBridge, LLC, all commissions previously paid to the
employee on the defaulted customer account shall be deducted from the employee’s future commission payments. In the event that partial payment due from a customer is received, the amount of prior commissions to be deducted from future
commissions will be pro-rata based on the amount of the payment received. For example, if a customer pays only 60% of an invoice, then the employee will retain 60% of the commissions received, with the remaining 40% to be withheld from future
commission payments. The payment to the employee based on CPSI’s financial statements shall not be subject to recoupment. 

	 	C.	Post-Employment Commission Payments: Except as noted in Section 2.D., below, commissions will not be paid to, or on behalf of, any individual who is no
longer an employee of CPSI, regardless of the reason for the employee’s termination of employment (i.e., whether voluntary, involuntary or otherwise). 

 

	 	D.	Death: In the event of the death of the employee while employed in good standing with CPSI, the following commissions will be paid to the employee’s
estate/beneficiary(ies) as listed in the employee’s last will and testament (or if no such will, to the employee’s spouse, if any; if not, to the employee’s estate) at the same time that such payments would have been paid to the
employee if the employee had not died: 

  

	 	(i)	Commissions from the provision of services by TruBridge, LLC to CPSI clients during the 90-day period following the employee’s death (to the extent that CPSI has
recognized revenue under GAAP from the provision of such services within such 90-day period); and 

  

	 	(ii)	Commissions from the provision of services by TruBridge, LLC to non-CPSI clients during the 90-day period following the employee’s death (to the extent that CPSI
has recognized revenue under GAAP from the provision of such services within such 90-day period). 

  

	3.	Exemption From Section 409A: 

 This Commission Program is intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended. 
  

	4.	Modification/Termination: 

 This Commission Program shall remain in full force and effect unless and until modified or terminated by the CPSI in its sole discretion. 

  
 2EX-10.1

 Exhibit 10.1 
 FOURTH AMENDMENT TO 
 CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS

 THIS FOURTH AMENDMENT TO CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS (the “Amendment”), dated to be
effective as of December 21, 2012 (the “Amendment Effective Date”), is entered into by and among BLACK ELK ENERGY OFFSHORE OPERATIONS, LLC, a Texas limited liability company (the “Borrower”), the Guarantors
party hereto (the “Guarantors”), CAPITAL ONE, N.A., as Administrative Agent for the Lenders (“Administrative Agent”) and the Lenders signatory hereto (the “Lenders”). 

RECITALS 

WHEREAS, the Borrower, the Lenders and the Administrative Agent entered into that certain Credit Agreement dated December 24, 2010
(as amended by that First Amendment dated May 31, 2011, that Waiver and Second Amendment dated June 30, 2011, that Limited Waiver and Third Amendment dated November 8, 2012 and as further amended, restated, supplemented or
modified from time to time, the “Credit Agreement”); and 
 WHEREAS, the Borrower has requested that the
Administrative Agent and extend the Maturity Date (as defined in the Credit Agreement); and 
 WHEREAS, the Administrative Agent
and the Lenders are willing to so amend the Credit Agreement, subject to the terms and conditions set forth herein. 
 NOW,
THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, the Borrower, the Guarantors, the Lenders and the Administrative Agent agree as follows: 

1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein have the meanings assigned to them in the Credit
Agreement. 
 2. Amendment to Maturity Date. (a) The definition of “Maturity Date” in
Section 1.02 of the Credit Agreement is hereby deleted and the following is substituted therefor: 

““Maturity Date” means January 15, 2014. 

 

	 	(b)	Notwithstanding anything contained in the Loan Documents to the contrary, the term “Maturity Date” or words of similar import, including “the date on
which the Obligations are due and payable” as used therein is hereby changed and shall mean January 15, 2014. 

 3. Reservation of Rights. Nothing contained in this Amendment is intended to limit, nor shall it be deemed to limit or in any way affect, any of the Administrative Agent’ or Lenders’
claims, rights or remedies under the Credit Agreement or any of the other Loan Documents, and nothing in this Amendment shall in any way modify, change, impair, affect, diminish, or release any liability of Borrower and/or Guarantor under or
pursuant to the Credit Agreement or any of the other Loan Documents or entitle Borrower and/or Guarantor to any other or further notice or demand whatsoever. Nothing contained herein, nor any failure by the Administrative Agent or

  
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any Lender to exercise any of its rights or remedies under the Credit Agreement or any of the other Loan Documents, shall be deemed to constitute, nor is it intended to constitute, any waiver
whatsoever of any: (i) default or Event of Default that may exist under the Credit Agreement or under any other Loan Document; (ii) term, provision, condition, covenant or agreement contained in the Credit Agreement or in any of the other
Loan Documents; or (iii) rights or remedies of the Administrative Agent or any Lender under the Credit Agreement or any of the other Loan Documents, at law or in equity or otherwise, or prejudice or preclude any other or further exercise of any
such right or remedy by the Administrative Agent or the Lenders, all of which are hereby reserved. 
 4. Ratification.
The Borrower and Guarantors hereby ratify all of their respective Obligations under the Credit Agreement and each of the Loan Documents to which it is a party, and agrees and acknowledges that the Credit Agreement and each of the Loan Documents to
which it is a party are and shall continue to be in full force and effect. Nothing in this Amendment extinguishes, novates or releases any right, claim, lien, security interest or entitlement of any of the Lenders or the Administrative Agent created
by or contained in any of such documents, nor is the Borrower nor any Guarantor released from any covenant, warranty or obligation created by or contained herein or therein. 
 5. Representations and Warranties. (a) The Borrower and Guarantors hereby represent and warrant to the Administrative Agent and the Lenders that (i) this Amendment has been duly executed
and delivered on behalf of the Borrower and Guarantors, (ii) this Amendment constitutes a valid and legally binding agreement enforceable against the Borrower and Guarantors in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, (iii) the
representations and warranties contained in the Credit Agreement and the Loan Documents are true and correct on and as of the date hereof in all material respects as though made as of the date hereof, (iv) except as waived in
Section 2 hereof, no Default or Event of Default exists under the Credit Agreement or under any Loan Document and (v) the execution, delivery and performance of this Amendment has been duly authorized by the Borrower and Guarantors.

  

	 	(b)	The Borrower hereby (i) represents and warrants to the Administrative Agent and the Lenders that the execution of this Amendment does not violate the terms of
(1) the Indenture, (2) the Second Lien Intercreditor Agreement, (3) the W & T Intercreditor Agreement or (4) the BP Intercreditor Agreement (collectively, the “Intercreditor Agreements”) and
(ii) covenants, represents and warrants that no consent is required under the Intercreditor Agreement for Borrower, Administrative Agent or the Lenders to execute this Amendment. 

6. Conditions to Effectiveness. This Amendment shall be effective on the Amendment Effective Date only if the following are
satisfied on or before such Amendment Effective Date: 
  

	 	(a)	the receipt by the Administrative Agent of this Amendment fully executed by all parties hereto; 

  
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	 	(b)	the payment to the Administrative Agent of all fees that are due, including all expenses of Administrative Agent and the Lenders in connection with this Amendment and
any billed fees and disbursements of Andrews Kurth LLP, in connection with this Amendment; and 

  

	 	(c)	the receipt by the Administrative Agent of such other documents as the Administrative Agent or its special counsel may reasonably request. 

7. Counterparts. This Amendment may be signed in any number of counterparts, which may be delivered in original or facsimile form
each of which shall be construed as an original, but all of which together shall constitute one and the same instrument. 
 8.
Governing Law. This Amendment and all other documents executed in connection herewith shall be deemed to be contracts and agreements under the laws of the State of Texas and of the United States of America and for all purposes shall be
construed in accordance with, and governed by, the laws of Texas and of the United States. 
 9. Continuing Effect of the
Credit Agreement. This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or
consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in
full force and effect. 
 10. References. The words “hereby,” “herein,” “hereinabove,”
“hereinafter,” “hereinbelow,” “hereof,” “hereunder” and words of similar import when used in this Amendment shall refer to this Amendment as a whole and not to any particular article, section or provision of
this Amendment. References in this Amendment to an article or section number are to such articles or sections of this Amendment unless otherwise specified. 
 11. Headings Descriptive. The headings of the several sections and subsections of this Amendment are inserted for convenience only and shall not in any way affect the meaning or construction of any
provision of this Amendment. 
 12. Release by Borrower and Guarantors. The Borrower and each Guarantor does hereby
release and forever discharge the Administrative Agent and each of the Lenders and each affiliate thereof and each of their respective employees, officers, directors, trustees, agents, attorneys, successors, assigns or other representatives from any
and all claims, demands, damages, actions, cross-actions, causes of action, costs and expenses (including legal expenses), of any kind or nature whatsoever, whether based on law or equity, which any of said parties has held or may now or in the
future own or hold, whether known or unknown, for or because of any matter or thing done, omitted or suffered to be done on or before the actual date upon which this Amendment is signed by any of such parties (i) arising directly or indirectly
out of the Credit Agreement, Loan Documents, or any other documents, instruments or any other transactions relating thereto and/or (ii) relating directly or indirectly to all transactions by and between the Borrower or Guarantors or their
representatives and the Administrative Agent and each Lender or any of their respective directors, officers, agents, employees, attorneys or other representatives 

  
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and, in either case, whether or not caused by the sole or partial negligence of any indemnified party. Such release, waiver, acquittal and discharge shall and does include, without limitation,
any claims of usury, fraud, duress, misrepresentation, lender liability, control, calling of the Credit Agreement into default, exercise of remedies and all similar items and claims, which may, or could be, asserted by any of the Borrower or
Guarantors. 
 13. Final Agreement of the Parties. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[Signature Pages Follow] 

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

			
	BORROWER:
	
	BLACK ELK ENERGY OFFSHORE OPERATIONS, LLC, a Texas limited liability company
		
	By:	 	/s/ John Hoffman
		 	  

	Name:	 	John Hoffman
		 	  

	Title:	 	President & CEO
		 	  

	
	GUARANTORS:
	
	BLACK ELK ENERGY FINANCE CORP., a Texas corporation
		
	By:	 	/s/ John Hoffman
		 	  

	Name:	 	John Hoffman
		 	  

	Title:	 	President
		 	  

	
	BLACK ELK ENERGY LAND OPERATIONS, LLC, a Texas limited liability company
		
	By:	 	/s/ John Hoffman
		 	  

	Name:	 	John Hoffman
		 	  

	Title:	 	President
		 	  

 
			
	ADMINISTRATIVE AGENT AND LENDER:
	
	CAPITAL ONE, National Association
		
	By:	 	/s/ Scott L. Joyce
		 	  

		 	Scott L. Joyce
		 	Senior Vice President
	
	LENDER:
	
	IBERIA BANK
		
	By:	 	/s/ Jeff Dalton
		 	  

	Name:	 	Jeff Dalton
		 	  

	Title:	 	Senior Vice President
		 	  

	
	LENDER:
	
	CADENCE BANK, N.A.
		
	By:	 	/s/ Eric Broussard
		 	  

	Name:	 	Eric Broussard
		 	  

	Title:	 	Senior Vice President

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