0000950123-10-013721 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 17th, 2010 • Blackboard Inc • Services-prepackaged software

WHEREAS, Blackboard desires to employ you on the terms and conditions hereinafter set forth and you desire to accept such employment;

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Blackboard Inc. Nonstatutory Stock Option Agreement Granted Under Amended and Restated 2004 Stock Incentive Plan
Nonstatutory Stock Option Agreement • February 17th, 2010 • Blackboard Inc • Services-prepackaged software
AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • February 17th, 2010 • Blackboard Inc • Services-prepackaged software

The Employment Agreement by and between Blackboard Inc. and Judy Verses, which took effect July 7, 2008 (“Agreement”) is hereby amended pursuant to this Amendment to Employment Agreement (“Amendment”). This Amendment will take effect on November 14, 2008.

BLACKBOARD INC. Restricted Stock Agreement
Restricted Stock Agreement • February 17th, 2010 • Blackboard Inc • Services-prepackaged software • Delaware

Blackboard Inc. (the “Company”) has selected you to receive the restricted stock award described above, which is subject to the provisions of the Company’s 2004 Stock Incentive Plan (the “Plan”) and the terms and conditions contained in this Restricted Stock Agreement. Please confirm your acceptance of this restricted stock award and of the terms and conditions of this Agreement by signing a copy of this Agreement where indicated below.

BLACKBOARD INC. Restricted Stock Unit Agreement Granted Under the Amended and Restated 2004 Stock Incentive Plan
Restricted Stock Unit Agreement • February 17th, 2010 • Blackboard Inc • Services-prepackaged software • Delaware
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